Norris Perne & French LLP MI boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,112 shares of the cable giant’s stock after buying an additional 5,067 shares during the period. Norris Perne & French LLP MI’s holdings in Comcast Corporation were worth $380,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. OLD Second National Bank of Aurora raised its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the last quarter. Advantage Investment Management LLC bought a new stake in shares of Comcast Corporation during the fourth quarter worth $103,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Comcast Corporation during the fourth quarter worth $105,000. Orrstown Financial Services Inc. increased its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the period. Finally, CT Financial Advisors LLC increased its stake in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at 39.86 on Thursday. The company’s 50-day moving average is $40.19 and its 200 day moving average is $37.73. The company has a market capitalization of $189.05 billion, a P/E ratio of 21.15 and a beta of 1.04. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. Comcast Corporation also was the target of unusually large options trading activity on Monday. Traders acquired 8,064 call options on the stock. This is an increase of approximately 213% compared to the typical volume of 2,574 call options.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The business had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. Comcast Corporation’s revenue was up 8.9% compared to the same quarter last year. Analysts predict that Comcast Corporation will post $1.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 annualized dividend and a yield of 1.58%. Comcast Corporation’s dividend payout ratio is 33.51%.
CMCSA has been the subject of a number of research reports. Macquarie reissued a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Thursday, April 27th. SunTrust Banks, Inc. initiated coverage on shares of Comcast Corporation in a report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 price target for the company. Wunderlich reissued a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Monday, April 10th. Deutsche Bank AG reissued a “buy” rating and issued a $44.00 price target on shares of Comcast Corporation in a report on Monday, April 10th. Finally, Instinet reissued a “buy” rating and issued a $43.00 price target (down from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.00.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the sale, the executive vice president now directly owns 980,498 shares of the company’s stock, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Insiders have sold 268,236 shares of company stock valued at $10,467,090 in the last ninety days. 1.27% of the stock is currently owned by company insiders.
Comcast Corporation Company 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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