Mcdonald Capital Investors Inc. CA raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,337,396 shares of the cable giant’s stock after purchasing an additional 14,840 shares during the period. Comcast Corporation makes up about 7.9% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 7th largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Comcast Corporation were worth $90,971,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. State Street Corp boosted its stake in shares of Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Comcast Corporation by 151.5% in the 1st quarter. Swiss National Bank now owns 17,191,600 shares of the cable giant’s stock worth $646,232,000 after buying an additional 10,356,700 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Argus raised their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Comcast Corporation in a report on Tuesday, October 17th. OTR Global cut Comcast Corporation to a “positive” rating in a report on Monday, October 30th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast Corporation in a report on Wednesday, September 20th. Three investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.84.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. analysts expect that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.69%. Comcast Corporation’s dividend payout ratio is currently 30.36%.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred 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 owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
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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