Millie Capital Management LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 90.5% during the first quarter, Holdings Channel reports. The fund owned 59,084 shares of the cable giant’s stock after buying an additional 28,073 shares during the period. Comcast Corporation comprises approximately 2.1% of Millie Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Millie Capital Management LLC’s holdings in Comcast Corporation were worth $2,221,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Comcast Corporation by 99.3% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 450,046 shares of the cable giant’s stock worth $16,917,000 after buying an additional 224,287 shares during the last quarter. Smithfield Trust Co. raised its stake in Comcast Corporation by 79.6% in the first quarter. Smithfield Trust Co. now owns 40,658 shares of the cable giant’s stock worth $1,528,000 after buying an additional 18,014 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Comcast Corporation by 123.7% in the first quarter. Great West Life Assurance Co. Can now owns 5,222,774 shares of the cable giant’s stock worth $196,254,000 after buying an additional 2,888,058 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in Comcast Corporation during the first quarter worth approximately $443,000. Finally, Geneva Advisors LLC raised its stake in Comcast Corporation by 97.3% in the first quarter. Geneva Advisors LLC now owns 2,177,724 shares of the cable giant’s stock worth $81,861,000 after buying an additional 1,073,985 shares during the last quarter. 82.66% of the stock is currently owned by institutional investors.
Comcast Corporation (CMCSA) opened at 39.59 on Tuesday. The stock’s 50 day moving average price is $40.19 and its 200 day moving average price is $37.73. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market cap of $187.77 billion, a P/E ratio of 21.00 and a beta of 1.04.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. The business had revenue of $20.46 billion during the quarter, compared to analyst estimates of $20.10 billion. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. On average, equities analysts anticipate that Comcast Corporation will post $1.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.1575 per share. The ex-dividend date is Friday, June 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. Comcast Corporation’s payout ratio is currently 33.51%.
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A number of equities research analysts recently commented on CMCSA shares. Pivotal Research lowered their price target on Comcast Corporation to $48.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Guggenheim reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast Corporation in a research report on Wednesday, March 1st. Evercore ISI reissued an “overweight” rating on shares of Comcast Corporation in a research report on Monday, February 27th. Deutsche Bank AG reissued a “buy” rating and issued a $44.00 price target on shares of Comcast Corporation in a research report on Tuesday, March 28th. Finally, Wunderlich increased their price target on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.43.
In related news, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. Insiders have sold a total of 268,236 shares of company stock valued at $10,467,090 in the last quarter. Company insiders own 1.27% of the company’s stock.
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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