Comcast Corporation (CMCSA) Stake Increased by Franklin Resources Inc.
Franklin Resources Inc. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,032,496 shares of the cable giant’s stock after acquiring an additional 2,800,235 shares during the period. Franklin Resources Inc. owned approximately 0.62% of Comcast Corporation worth $1,129,908,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of CMCSA. Patriot Financial Group Insurance Agency LLC lifted its stake in 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 purchasing an additional 1,340 shares during the last quarter. Zions Bancorporation lifted its stake in 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 purchasing an additional 410 shares during the last quarter. First Bank & Trust lifted its stake in 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 purchasing an additional 1,302 shares during the last quarter. Founders Capital Management bought a new position in Comcast Corporation in the 1st quarter valued at approximately $113,000. Finally, Pacific Center for Financial Services lifted its stake in 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 purchasing an additional 1,788 shares during the last quarter. 82.47% of the stock is owned by institutional investors.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction 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 sale, the director now owns 24,580 shares of the company’s stock, valued at $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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Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $37.07 on Friday. Comcast Corporation has a 12-month low of $33.40 and a 12-month high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $173,770.81, a price-to-earnings ratio of 18.45, a PEG ratio of 1.93 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. research analysts anticipate 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. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 30.36%.
CMCSA has been the subject of several research reports. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, September 1st. Finally, ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.84.
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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