Pictet & Cie Europe SA increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 29.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,036 shares of the cable giant’s stock after purchasing an additional 5,723 shares during the period. Pictet & Cie Europe SA’s holdings in Comcast Corporation were worth $974,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its position in Comcast Corporation by 100.0% during 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 acquiring an additional 1,340 shares during the period. Zions Bancorporation lifted its stake in shares of Comcast Corporation by 16.8% during 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 in the last quarter. First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% during 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 in the last quarter. Founders Capital Management acquired a new position in shares of Comcast Corporation during the first quarter worth about $113,000. Finally, Pacific Center for Financial Services lifted its stake in shares of Comcast Corporation by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after purchasing an additional 1,788 shares in the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
Several research analysts recently commented on the company. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price target on shares of Comcast Corporation in a research note on Monday, October 23rd. Finally, Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.84.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Friday. Comcast Corporation has a 52-week low of $32.30 and a 52-week high of $42.18. The company has a market capitalization of $172,228.45, a price-to-earnings ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. sell-side analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. Comcast Corporation’s payout ratio is currently 30.36%.
Comcast Corporation 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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