Smithfield Trust Co. Reduces Stake in Comcast Corporation (CMCSA)
Smithfield Trust Co. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,546 shares of the cable giant’s stock after selling 112 shares during the quarter. Smithfield Trust Co.’s holdings in Comcast Corporation were worth $1,578,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd lifted its holdings in shares of Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares in the last quarter. Boston Partners lifted its holdings in shares of Comcast Corporation by 140.7% during the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares in the last quarter. Tower Bridge Advisors lifted its holdings in shares of Comcast Corporation by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after buying an additional 13,003 shares in the last quarter. Finally, Haverford Trust Co. lifted its holdings in shares of Comcast Corporation by 117.5% during the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares in the last quarter. 81.93% of the stock is owned by institutional investors.
Shares of Comcast Corporation (CMCSA) opened at 38.35 on Friday. The stock’s 50 day moving average price is $39.00 and its 200 day moving average price is $39.22. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a market capitalization of $180.76 billion, a PE ratio of 19.32 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.64%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following 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 this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock worth $385,050 over the last quarter. Corporate insiders own 1.28% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a report on Wednesday. Argus raised their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Instinet restated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. Wells Fargo & Company restated an “outperform” rating and issued a $44.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Bank of America Corporation raised their price target on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.83.
About Comcast Corporation
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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