BLB&B Advisors LLC maintained its stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,442 shares of the cable giant’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Comcast Corporation were worth $3,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its stake 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 valued at $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the last quarter. Zions Bancorporation boosted its stake in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares during the last quarter. Orrstown Financial Services Inc. boosted its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares during the last quarter. Finally, CT Financial Advisors LLC boosted its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares during the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Corporation (CMCSA) traded up 0.93% during midday trading on Friday, reaching $41.11. 16,735,288 shares of the company traded hands. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a 50 day moving average of $39.47 and a 200-day moving average of $38.77. The stock has a market capitalization of $193.77 billion, a price-to-earnings ratio of 20.71 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 for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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Several analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. BidaskClub cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Credit Suisse Group lifted their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.69.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The shares were 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 directly owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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