Burt Wealth Advisors Continues to Hold Position in Comcast Corporation (CMCSA)
Burt Wealth Advisors maintained its stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,226 shares of the cable giant’s stock at the close of the second quarter. Burt Wealth Advisors’ holdings in Comcast Corporation were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Penobscot Investment Management Company Inc. boosted its stake in shares of Comcast Corporation by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares in the last quarter. Boston Partners boosted its stake in shares of Comcast Corporation by 140.7% during the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after purchasing an additional 9,739,468 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors boosted its stake in shares of Comcast Corporation by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after purchasing an additional 13,003 shares in the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.
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Comcast Corporation (NASDAQ CMCSA) opened at 36.50 on Tuesday. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company’s 50 day moving average is $37.37 and its 200 day moving average is $39.17. The stock has a market cap of $172.04 billion, a PE ratio of 18.39 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. On average, equities research analysts expect that Comcast Corporation will post $2.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is currently 30.36%.
In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction 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 owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on the stock. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research note on Monday. Nomura dropped their price objective on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday. Barclays PLC dropped their price objective on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday. Pivotal Research increased their price objective on shares of Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company reiterated a “buy” rating and set a $49.00 price objective on shares of Comcast Corporation in a research note on Monday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Comcast Corporation has an average rating of “Buy” and an average target price of $45.84.
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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