Prospera Financial Services Inc raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,297 shares of the cable giant’s stock after purchasing an additional 3,801 shares during the period. Prospera Financial Services Inc’s holdings in Comcast were worth $2,222,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Telemus Capital LLC boosted its holdings in Comcast by 0.7% in the second quarter. Telemus Capital LLC now owns 33,304 shares of the cable giant’s stock worth $1,349,000 after acquiring an additional 239 shares in the last quarter. Grandfield & Dodd LLC grew its position in shares of Comcast by 1.7% in the second quarter. Grandfield & Dodd LLC now owns 14,193 shares of the cable giant’s stock valued at $550,000 after purchasing an additional 243 shares in the last quarter. Carmichael Hill & Associates Inc. grew its position in shares of Comcast by 8.5% in the second quarter. Carmichael Hill & Associates Inc. now owns 3,119 shares of the cable giant’s stock valued at $122,000 after purchasing an additional 244 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its position in shares of Comcast by 1.0% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 25,264 shares of the cable giant’s stock valued at $985,000 after purchasing an additional 246 shares in the last quarter. Finally, Spotlight Asset Group Inc. grew its position in shares of Comcast by 2.6% in the second quarter. Spotlight Asset Group Inc. now owns 9,803 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.
Several research analysts have recently commented on the company. Nomura decreased their price objective on Comcast from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Benchmark reiterated a “buy” rating and issued a $54.00 price objective on shares of Comcast in a report on Friday, May 22nd. Pivotal Research reiterated a “buy” rating and issued a $52.00 price objective on shares of Comcast in a report on Thursday, July 30th. ValuEngine downgraded Comcast from a “hold” rating to a “sell” rating in a report on Monday, June 1st. Finally, Nomura Securities reiterated a “neutral” rating on shares of Comcast in a report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.88.
Shares of CMCSA traded down $0.05 during mid-day trading on Thursday, reaching $43.27. The company had a trading volume of 574,838 shares, compared to its average volume of 16,129,723. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day moving average price of $42.03 and a 200 day moving average price of $39.95. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $47.74. The company has a market capitalization of $198.90 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The firm had revenue of $23.72 billion for the quarter, compared to analysts’ expectations of $23.56 billion. During the same period in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 2.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.23 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 annualized dividend and a yield of 2.13%. Comcast’s dividend payout ratio (DPR) is presently 29.39%.
In related news, CEO Jeff Shell sold 99,484 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $42.91, for a total value of $4,268,858.44. Also, CAO Daniel C. Murdock sold 4,536 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $38.60, for a total value of $175,089.60. Following the completion of the transaction, the chief accounting officer now directly owns 10,085 shares in the company, valued at $389,281. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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