Solaris Asset Management LLC continued to hold its stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,100 shares of the cable giant’s stock at the close of the second quarter. Solaris Asset Management LLC’s holdings in Comcast Corporation were worth $237,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its position in 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 worth $100,000 after purchasing an additional 1,340 shares during the last quarter. Zions Bancorporation boosted its position in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. First Bank & Trust boosted its position in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Comcast Corporation in the first quarter worth about $112,000. Finally, Founders Capital Management purchased a new position in Comcast Corporation in the first quarter worth about $113,000. 81.93% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Instinet reissued a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.83.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,982 shares of company stock worth $385,050. Company insiders own 1.28% of the company’s stock.
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Shares of Comcast Corporation (CMCSA) opened at 37.69 on Wednesday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm has a 50-day moving average price of $38.77 and a 200-day moving average price of $39.26. The company has a market cap of $177.65 billion, a P/E ratio of 18.99 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. On average, equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
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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