The Comcast Corp. (CMCSA) Stake Raised by Baker Ellis Asset Management LLC

The Comcast Corp. (CMCSA) Stake Raised by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC increased its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 24,381 shares of the cable giant’s stock after buying an additional 650 shares during the period. Baker Ellis Asset Management LLC’s holdings in Comcast Corp. were worth $1,589,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Wrapmanager Inc. raised its position in shares of Comcast Corp. by 6.2% in the first quarter. Wrapmanager Inc. now owns 31,390 shares of the cable giant’s stock valued at $1,917,000 after buying an additional 1,825 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Comcast Corp. by 4.5% in the first quarter. Stratos Wealth Partners LTD. now owns 18,864 shares of the cable giant’s stock valued at $1,152,000 after buying an additional 820 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Comcast Corp. by 6.2% in the first quarter. Teachers Advisors Inc. now owns 4,808,142 shares of the cable giant’s stock valued at $293,681,000 after buying an additional 281,963 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Comcast Corp. by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 22,452,204 shares of the cable giant’s stock valued at $1,371,381,000 after buying an additional 296,740 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Comcast Corp. by 12.4% in the first quarter. Ngam Advisors L.P. now owns 677,749 shares of the cable giant’s stock valued at $41,396,000 after buying an additional 74,901 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Comcast Corp. (NASDAQ:CMCSA) traded down 0.08% during mid-day trading on Friday, reaching $65.36. The company’s stock had a trading volume of 7,471,618 shares. The firm has a market cap of $157.64 billion, a PE ratio of 19.87 and a beta of 1.05. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The company has a 50-day moving average price of $65.97 and a 200-day moving average price of $64.18.

Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly 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 return on equity of 15.04% and a net margin of 10.70%. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. During the same period in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Comcast Corp. will post $3.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.68%. Comcast Corp.’s dividend payout ratio is currently 33.43%.

CMCSA has been the topic of several recent research reports. Jefferies Group increased their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Pivotal Research reiterated a “buy” rating on shares of Comcast Corp. in a report on Thursday, July 28th. Wells Fargo & Co. reiterated a “buy” rating on shares of Comcast Corp. in a report on Monday, July 18th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $70.00 price target on shares of Comcast Corp. in a report on Monday, July 11th. Finally, Nomura restated a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.00.

In related news, EVP Arthur R. Block sold 1,023 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the transaction, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at approximately $3,125,689.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the completion of the transaction, the executive vice president now directly owns 66,289 shares in the company, valued at $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.

About Comcast Corp.

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.

Related posts

Leave a Comment