HM Payson & Co. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,516 shares of the cable giant’s stock after purchasing an additional 1,542 shares during the quarter. HM Payson & Co.’s holdings in Comcast were worth $1,296,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its position in Comcast by 2.5% in the first quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock worth $11,052,476,000 after purchasing an additional 7,922,120 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Comcast by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock worth $4,864,907,000 after purchasing an additional 12,823,994 shares during the last quarter. FMR LLC boosted its position in Comcast by 7.5% in the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after purchasing an additional 7,812,415 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Comcast by 24.1% in the first quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after buying an additional 7,257,371 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Comcast by 108.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock valued at $1,158,311,000 after buying an additional 17,663,290 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.
Several analysts have issued reports on CMCSA shares. JPMorgan Chase & Co. started coverage on Comcast in a research note on Friday. They issued an “overweight” rating and a $42.00 target price on the stock. Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast in a research note on Thursday, September 20th. TD Securities decreased their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. KeyCorp boosted their price objective on Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, September 26th. Finally, UBS Group lowered Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.85.
CMCSA stock traded up $0.95 during trading on Friday, hitting $34.62. 31,255,567 shares of the company traded hands, compared to its average volume of 25,329,504. The stock has a market capitalization of $164.46 billion, a PE ratio of 16.81, a P/E/G ratio of 1.12 and a beta of 1.19. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. Comcast’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Analysts anticipate that Comcast Co. will post 2.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is presently 36.89%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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