ING Groep NV lowered its position in Comcast Corp. (NASDAQ:CMCSA) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,638 shares of the cable giant’s stock after selling 96 shares during the period. ING Groep NV’s holdings in Comcast Corp. were worth $237,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Oakworth Capital Inc. increased its position in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the last quarter. Cribstone Capital Management LLC bought a new position in shares of Comcast Corp. during the second quarter valued at approximately $115,000. CWM LLC increased its position in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock valued at $134,000 after buying an additional 411 shares during the last quarter. City Holding Co. increased its position in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock valued at $141,000 after buying an additional 122 shares during the last quarter. Finally, Kanaly Trust Co increased its position in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock valued at $154,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.12% during trading on Friday, reaching $65.20. The company had a trading volume of 7,663,840 shares. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The firm’s 50 day moving average price is $65.88 and its 200 day moving average price is $64.34. The firm has a market capitalization of $157.25 billion, a PE ratio of 19.82 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last posted its earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business earned $18.74 billion during the quarter, compared to the consensus estimate of $19.11 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Comcast Corp. will post $3.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
Several brokerages have commented on CMCSA. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $70.00 target price on shares of Comcast Corp. in a report on Monday, July 11th. Telsey Advisory Group boosted their price objective on Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a research note on Friday, August 19th. Barclays PLC reissued an “overweight” rating and issued a $69.00 price objective (up from $65.00) on shares of Comcast Corp. in a research note on Sunday, July 10th. Pivotal Research boosted their price objective on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, July 7th. Finally, Argus boosted their price objective on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $72.00.
In other news, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.86, for a total transaction of $2,000,173.50. Following the completion of the sale, the executive vice president now owns 81,410 shares of the company’s stock, valued at approximately $5,524,482.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David L. Cohen sold 19,444 shares of the business’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total transaction of $1,273,582.00. Following the sale, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at approximately $16,841,360. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.
Comcast Corp. Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.