Strategic Wealth Advisors Group LLC Takes $1.25 Million Position in Comcast Corporation (CMCSA)
Strategic Wealth Advisors Group LLC bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 32,162 shares of the cable giant’s stock, valued at approximately $1,251,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Biegel & Waller LLC purchased a new position in shares of Comcast during the 2nd quarter worth $432,000. Penobscot Investment Management Company Inc. grew its holdings in shares of Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares during the period. WINTON GROUP Ltd grew its holdings in shares of Comcast by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after purchasing an additional 451,551 shares during the period. Finally, Tower Bridge Advisors grew its holdings in shares of Comcast by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after purchasing an additional 13,003 shares during the period. 82.50% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $39.51 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $179,659.75, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. Comcast Corporation has a 12-month low of $34.12 and a 12-month high of $42.18.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. equities research analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
In other Comcast news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
CMCSA has been the subject of a number of research analyst reports. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a report on Monday, October 16th. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Wednesday, October 4th. Pivotal Research raised their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Wells Fargo & Company restated a “buy” rating and set a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.72.
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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