Braun Stacey Associates Inc. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,515 shares of the cable giant’s stock after buying an additional 62,731 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Comcast were worth $11,172,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Univest Corp of Pennsylvania boosted its stake in shares of Comcast by 1.5% in the 3rd quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock worth $4,743,000 after buying an additional 1,944 shares during the last quarter. Cox Capital Co LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $1,007,000. Aureus Asset Management LLC boosted its stake in shares of Comcast by 12.1% in the 2nd quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock worth $1,450,000 after buying an additional 4,778 shares during the last quarter. BBT Capital Management LLC purchased a new position in Comcast in the second quarter valued at approximately $5,906,000. Finally, Wasatch Advisors Inc. lifted its stake in Comcast by 8.2% in the second quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock valued at $2,261,000 after purchasing an additional 5,200 shares during the last quarter. 80.10% of the stock is owned by hedge funds and other institutional investors.
CMCSA traded up $0.75 during trading on Thursday, reaching $37.51. The stock had a trading volume of 16,469,046 shares, compared to its average volume of 24,644,132. The stock has a market cap of $170.73 billion, a PE ratio of 18.21, a P/E/G ratio of 1.16 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a one year low of $30.43 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. As a group, equities analysts anticipate that Comcast Co. will post 2.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.03%. Comcast’s dividend payout ratio is presently 36.89%.
In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the 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 sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
CMCSA has been the topic of several research analyst reports. TD Securities dropped 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. Pivotal Research dropped their price objective on Comcast from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 2nd. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Citigroup initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $48.00 target price on the stock. Finally, MED initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.61.
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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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