Raymond James Financial Services Advisors Inc. Boosts Position in Comcast Corporation (CMCSA)
Raymond James Financial Services Advisors Inc. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 114.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 386,376 shares of the cable giant’s stock after buying an additional 206,286 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Comcast Corporation were worth $14,524,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its position in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora increased its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Comcast Corporation during the first quarter valued at $112,000. Founders Capital Management purchased a new position in Comcast Corporation during the first quarter valued at $113,000. Finally, MU Investments Co. Ltd. increased its position in Comcast Corporation by 71.1% in the first quarter. MU Investments Co. Ltd. now owns 3,200 shares of the cable giant’s stock valued at $120,000 after buying an additional 1,330 shares during the period. Institutional investors and hedge funds own 82.02% of the company’s stock.
Shares of Comcast Corporation (CMCSA) traded up 1.11% during midday trading on Friday, hitting $41.06. The stock had a trading volume of 11,343,395 shares. The stock has a market cap of $193.53 billion, a P/E ratio of 20.69 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The stock has a 50-day moving average price of $40.20 and a 200-day moving average price of $39.12.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.53%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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A number of equities analysts recently commented on the company. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird reiterated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research report on Friday. Argus lifted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Instinet reiterated a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.83.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is currently owned by corporate insiders.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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