Massmutual Trust Co. FSB ADV increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,732 shares of the cable giant’s stock after purchasing an additional 5,064 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Comcast were worth $3,535,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. WP Advisors LLC purchased a new stake in shares of Comcast in the second quarter valued at approximately $105,000. Prentiss Smith & Co. Inc. grew its position in shares of Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after purchasing an additional 2,295 shares in the last quarter. IMA Wealth Inc. purchased a new stake in shares of Comcast in the second quarter valued at approximately $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Comcast in the second quarter valued at approximately $129,000. Finally, Rainier Group Investment Advisory LLC purchased a new stake in shares of Comcast in the first quarter valued at approximately $146,000. 80.15% of the stock is owned by institutional investors.
Shares of NASDAQ CMCSA traded up $0.95 during mid-day trading on Friday, hitting $34.62. The company had a trading volume of 31,255,567 shares, compared to its average volume of 25,329,504. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The stock has a market cap of $164.46 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same period last year, the firm earned $0.52 earnings per share. Comcast’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Comcast Co. will post 2.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis 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%.
In related news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was 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 in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
Several research analysts recently weighed in on the company. Pivotal Research reiterated a “buy” rating on shares of Comcast in a research report on Friday, August 10th. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Friday. Raymond James upgraded Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. Finally, Credit Suisse Group initiated coverage on Comcast in a research report on Tuesday, July 10th. They set a “neutral” rating and a $36.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. Comcast currently has a consensus rating of “Buy” and a consensus target price of $44.85.
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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