Busey Trust CO boosted its position in Comcast Co. (NASDAQ:CMCSA) by 25.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,720 shares of the cable giant’s stock after purchasing an additional 60,915 shares during the quarter. Busey Trust CO’s holdings in Comcast were worth $10,648,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aureus Asset Management LLC grew its stake in shares of Comcast by 12.1% in the second quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock worth $1,450,000 after acquiring an additional 4,778 shares during the last quarter. BBT Capital Management LLC purchased a new stake in shares of Comcast in the second quarter worth $5,906,000. Cox Capital Co LLC purchased a new stake in shares of Comcast in the second quarter worth $1,007,000. Wasatch Advisors Inc. grew its stake in shares of Comcast by 8.2% in the second quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock worth $2,261,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Cumberland Partners Ltd grew its stake in shares of Comcast by 39.6% in the second quarter. Cumberland Partners Ltd now owns 133,850 shares of the cable giant’s stock worth $4,391,000 after acquiring an additional 37,950 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
A number of equities research analysts have recently commented on CMCSA shares. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 19th. Robert W. Baird cut their target price on Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Pivotal Research reissued a “buy” rating and issued a $48.00 target price on shares of Comcast in a research note on Monday, July 30th. UBS Group cut Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Finally, ValuEngine raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.96.
In related news, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.
NASDAQ CMCSA opened at $34.62 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00. The stock has a market capitalization of $164.46 billion, a PE ratio of 16.81, a P/E/G ratio of 1.12 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 2.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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