Alexandria Capital LLC continued to hold its stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,336 shares of the cable giant’s stock at the end of the second quarter. Alexandria Capital LLC’s holdings in Comcast Corporation were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. State Street Corp grew its holdings in Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Comcast Corporation by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Comcast Corporation by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Comcast Corporation by 103.1% during the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after acquiring an additional 28,597,277 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Comcast Corporation by 102.5% during the 1st quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after acquiring an additional 12,839,117 shares during the period. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. Instinet reiterated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday. They noted that the move was a valuation call. TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and an average target price of $45.83.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated 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 sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at 37.90 on Wednesday. The firm has a 50-day moving average price of $40.22 and a 200 day moving average price of $39.19. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a market capitalization of $178.64 billion, a P/E ratio of 19.09 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.
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About Comcast Corporation
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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