RidgeWorth Capital Management LLC Has $108.22 Million Stake in Comcast Corporation (CMCSA)
RidgeWorth Capital Management LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 47.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,878,926 shares of the cable giant’s stock after buying an additional 931,941 shares during the period. Comcast Corporation comprises about 1.0% of RidgeWorth Capital Management LLC’s portfolio, making the stock its 10th largest position. RidgeWorth Capital Management LLC owned approximately 0.06% of Comcast Corporation worth $108,219,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CMCSA. Martingale Asset Management L P boosted its stake in Comcast Corporation by 59.1% in the first quarter. Martingale Asset Management L P now owns 1,149,444 shares of the cable giant’s stock valued at $43,209,000 after buying an additional 427,116 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Comcast Corporation by 102.7% in the first quarter. Great Lakes Advisors LLC now owns 84,477 shares of the cable giant’s stock valued at $3,175,000 after buying an additional 42,797 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Comcast Corporation by 110.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 33,149 shares of the cable giant’s stock valued at $1,246,000 after buying an additional 17,411 shares in the last quarter. Abbrea Capital LLC boosted its position in shares of Comcast Corporation by 117.0% in the first quarter. Abbrea Capital LLC now owns 36,968 shares of the cable giant’s stock valued at $1,390,000 after buying an additional 19,929 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in shares of Comcast Corporation by 120.0% in the first quarter. Hosking Partners LLP now owns 1,081,757 shares of the cable giant’s stock valued at $40,663,000 after buying an additional 590,149 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) traded down 0.49% during mid-day trading on Thursday, reaching $40.62. The company’s stock had a trading volume of 3,498,569 shares. The firm’s 50 day moving average price is $39.96 and its 200-day moving average price is $39.02. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market capitalization of $191.46 billion, a price-to-earnings ratio of 20.46 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. On average, analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.
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Several brokerages have recently weighed in on CMCSA. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Instinet restated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company restated an “outperform” rating and set a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Bank of America Corporation boosted their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.28% of the stock is 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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