FineMark National Bank & Trust increased its position in Comcast Corporation (NASDAQ:CMCSA) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,871 shares of the cable giant’s stock after purchasing an additional 9,183 shares during the quarter. FineMark National Bank & Trust’s holdings in Comcast Corporation were worth $9,725,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares during the period. Zions Bancorporation boosted its stake in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation in the first quarter valued at $112,000. Founders Capital Management purchased a new position in shares of Comcast Corporation in the first quarter valued at $113,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after purchasing an additional 1,788 shares during the period. Institutional investors and hedge funds own 82.02% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 37.83 on Tuesday. The firm has a market cap of $178.31 billion, a PE ratio of 19.06 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a 50 day moving average of $40.29 and a 200-day moving average of $39.20.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.67%. Comcast Corporation’s payout ratio is presently 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by company insiders.
Several analysts recently issued reports on CMCSA shares. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.83.
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Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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