Nicolet Bankshares Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,779 shares of the cable giant’s stock after purchasing an additional 656 shares during the period. Nicolet Bankshares Inc.’s holdings in Comcast were worth $1,071,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Newton One Investments LLC acquired a new stake in shares of Comcast during the 2nd quarter worth approximately $28,000. Wagner Wealth Management LLC acquired a new stake in Comcast in the 1st quarter valued at approximately $28,000. Baron Financial Group LLC increased its position in shares of Comcast by 688.6% during the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 482 shares during the period. Lumature Wealth Partners LLC acquired a new position in shares of Comcast during the 1st quarter valued at $31,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Comcast during the 1st quarter valued at $37,000. 82.49% of the stock is owned by hedge funds and other institutional investors.
CMCSA has been the subject of several research reports. Pivotal Research raised their price objective on Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Benchmark lifted their price objective on Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 12th. Morgan Stanley lifted their price objective on Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 30th. Truist lifted their price objective on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Finally, Redburn Partners started coverage on Comcast in a research report on Friday, June 25th. They set a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $64.93.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion during the quarter, compared to analysts’ expectations of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. Equities analysts expect that Comcast Co. will post 3.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, October 5th. Comcast’s dividend payout ratio is currently 38.31%.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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