Profund Advisors LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421,605 shares of the cable giant’s stock after purchasing an additional 38,005 shares during the quarter. Comcast makes up approximately 0.7% of Profund Advisors LLC’s portfolio, making the stock its 20th largest holding. Profund Advisors LLC’s holdings in Comcast were worth $16,409,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CMCSA. BT Investment Management Ltd purchased a new position in Comcast during the second quarter worth approximately $4,175,000. Destination Wealth Management purchased a new position in Comcast during the second quarter worth approximately $220,000. Amalgamated Bank raised its stake in Comcast by 52.9% during the second quarter. Amalgamated Bank now owns 554,528 shares of the cable giant’s stock worth $21,582,000 after purchasing an additional 191,822 shares during the period. Vision Capital Management Inc. purchased a new position in Comcast during the second quarter worth approximately $203,000. Finally, KCM Investment Advisors LLC raised its stake in Comcast by 1.5% during the second quarter. KCM Investment Advisors LLC now owns 278,037 shares of the cable giant’s stock worth $10,821,000 after purchasing an additional 4,229 shares during the period. Institutional investors and hedge funds own 82.50% of the company’s stock.
In related news, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Comcast Corporation (CMCSA) opened at $38.63 on Thursday. The firm has a market cap of $184,707.44, a P/E ratio of 19.61, a PEG ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Corporation has a 52 week low of $34.03 and a 52 week high of $42.18.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. equities research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is presently 30.36%.
Several research firms have recently issued reports on CMCSA. Macquarie reissued a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research report on Thursday. Moffett Nathanson upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. Finally, Barclays dropped their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.72.
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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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