Private Advisor Group LLC Has $6.20 Million Stake in Comcast Corporation (CMCSA)
Private Advisor Group LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 109.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,821 shares of the cable giant’s stock after acquiring an additional 86,526 shares during the quarter. Private Advisor Group LLC’s holdings in Comcast Corporation were worth $6,195,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Ameriprise Financial Inc. lifted its holdings 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 acquiring an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after acquiring an additional 28,597,277 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Comcast Corporation by 102.5% in the 1st quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after acquiring an additional 12,839,117 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings 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 acquiring an additional 12,625,830 shares during the last quarter. Finally, Swiss National Bank lifted its holdings 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 acquiring an additional 10,356,700 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is owned by insiders.
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Shares of Comcast Corporation (NASDAQ CMCSA) traded down 0.44% during mid-day trading on Tuesday, hitting $40.88. 2,383,316 shares of the stock traded hands. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock has a 50 day moving average price of $40.20 and a 200-day moving average price of $39.12. The company has a market cap of $192.68 billion, a P/E ratio of 20.59 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same period in the previous year, the company posted $0.83 EPS. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.53%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
Several equities research analysts have recently issued reports on the stock. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub downgraded 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 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Credit Suisse Group raised their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.83.
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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