Courier Capital LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 83.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,036 shares of the cable giant’s stock after buying an additional 35,466 shares during the period. Courier Capital LLC’s holdings in Comcast were worth $3,438,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Comcast by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after acquiring an additional 19,495 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in Comcast by 4.0% during the second quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock valued at $1,838,000 after buying an additional 1,675 shares in the last quarter. Cibc Bank USA raised its holdings in Comcast by 23.1% during the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock valued at $1,145,000 after buying an additional 5,079 shares in the last quarter. Cypress Capital Management LLC bought a new position in Comcast during the second quarter valued at about $8,070,000. Finally, Crestline Management LP bought a new position in Comcast during the second quarter valued at about $471,000. 82.75% of the stock is owned by institutional investors and hedge funds.
In related news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 23.6% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 3.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, October 1st. Comcast’s payout ratio is presently 32.94%.
CMCSA has been the topic of several recent research reports. ValuEngine lowered Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday. Rosenblatt Securities began coverage on Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Cfra set a $50.00 price objective on Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Citigroup lifted their price objective on Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have issued a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target of $48.70.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Featured Article: Momentum Investing
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.