Riverhead Capital Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 26.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 195,518 shares of the cable giant’s stock after purchasing an additional 40,896 shares during the period. Riverhead Capital Management LLC’s holdings in Comcast were worth $6,415,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CMCSA. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Comcast by 108.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Comcast by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock valued at $4,864,907,000 after buying an additional 12,823,994 shares during the period. BlackRock Inc. boosted its position in Comcast by 2.5% in the 1st quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock valued at $11,052,476,000 after buying an additional 7,922,120 shares during the period. FMR LLC boosted its position in Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after buying an additional 7,812,415 shares during the period. Finally, Franklin Resources Inc. boosted its position in Comcast by 24.1% in the 1st quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after buying an additional 7,257,371 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:CMCSA opened at $36.38 on Wednesday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm has a market cap of $171.80 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.19 and a beta of 1.20.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.85 billion. During the same period last year, the business earned $0.52 EPS. Comcast’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts expect that Comcast Co. will post 2.55 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.09%. Comcast’s dividend payout ratio is currently 36.89%.
Several equities analysts have commented on the stock. Pivotal Research reissued a “buy” rating on shares of Comcast in a research report on Friday, August 10th. Atlantic Securities raised shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Monday, August 6th. Robert W. Baird decreased their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. Finally, Credit Suisse Group assumed coverage on shares of Comcast in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.79.
In other Comcast news, SVP Daniel C. Murdock sold 1,694 shares of Comcast stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total value of $52,598.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.31% of the stock is owned by company insiders.
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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