Vantage Investment Advisors LLC Sells 209 Shares of Comcast Corporation (CMCSA)
Vantage Investment Advisors LLC lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,892 shares of the cable giant’s stock after selling 209 shares during the period. Comcast Corporation accounts for 2.1% of Vantage Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Vantage Investment Advisors LLC’s holdings in Comcast Corporation were worth $7,188,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its position in Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. Zions Bancorporation raised its position in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. First Bank & Trust raised its position in Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the last quarter. Founders Capital Management purchased a new position in Comcast Corporation during the 1st quarter worth $113,000. Finally, Pacific Center for Financial Services raised its position in Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after buying an additional 1,788 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $36.16 on Friday. Comcast Corporation has a 12 month low of $33.97 and a 12 month high of $42.18. The stock has a market cap of $169,003.56, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.74%. Comcast Corporation’s dividend payout ratio is currently 30.36%.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction 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 $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
A number of equities analysts have commented on the stock. Moffett Nathanson restated a “buy” rating on shares of Comcast Corporation in a research report on Monday, October 16th. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Wells Fargo & Company restated a “buy” rating and set a $49.00 price objective on shares of Comcast Corporation in a research report on Monday, October 23rd. Finally, Nomura cut their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $45.84.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.