Caption Management LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 79.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the cable giant’s stock after selling 133,500 shares during the quarter. Caption Management LLC’s holdings in Comcast were worth $1,149,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Measured Wealth Private Client Group LLC bought a new position in shares of Comcast in the second quarter worth $478,000. Clearline Capital LP grew its stake in shares of Comcast by 71.5% in the second quarter. Clearline Capital LP now owns 85,803 shares of the cable giant’s stock worth $2,815,000 after purchasing an additional 35,783 shares in the last quarter. Kalos Management Inc. bought a new position in shares of Comcast in the second quarter worth $223,000. BRYN MAWR TRUST Co grew its stake in shares of Comcast by 20.0% in the second quarter. BRYN MAWR TRUST Co now owns 28,192 shares of the cable giant’s stock worth $925,000 after purchasing an additional 4,705 shares in the last quarter. Finally, Natixis bought a new position in shares of Comcast in the second quarter worth $147,520,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
CMCSA has been the subject of several recent analyst reports. Pivotal Research reissued a “buy” rating and issued a $48.00 price target on shares of Comcast in a research note on Thursday, September 20th. TD Securities cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Oppenheimer restated a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, September 24th. Finally, UBS Group lowered Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. Comcast has a consensus rating of “Buy” and an average target price of $44.96.
In related news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.
Shares of NASDAQ CMCSA traded down $0.65 during mid-day trading on Friday, hitting $34.56. 20,432,559 shares of the company traded hands, compared to its average volume of 25,313,994. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The company has a market cap of $164.46 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.12 and a beta of 1.19. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the 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 business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Comcast’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 2.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders 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 dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is 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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