Intercontinental Wealth Advisors LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,942 shares of the cable giant’s stock, valued at approximately $309,000.
Several other large investors have also recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. Zions Bancorporation boosted its holdings in shares of Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares in the last quarter. First Bank & Trust boosted its holdings in shares of Comcast Corporation by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares in the last quarter. Founders Capital Management acquired a new position in shares of Comcast Corporation in the 1st quarter valued at $113,000. Finally, Pacific Center for Financial Services boosted its holdings in shares of Comcast Corporation by 133.0% in the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after buying an additional 1,788 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.
Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market cap of $172,228.45, a PE ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. Comcast Corporation has a twelve month low of $32.30 and a twelve month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently declared 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 of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. Comcast Corporation’s dividend payout ratio is presently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were 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 owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
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Several brokerages have recently issued reports on CMCSA. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Finally, Argus upped their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.84.
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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