Stephens Inc. AR grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 203,254 shares of the cable giant’s stock after acquiring an additional 6,605 shares during the quarter. Stephens Inc. AR’s holdings in Comcast were worth $6,669,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. boosted its holdings in shares of Comcast by 13.4% in the second quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock worth $401,000 after buying an additional 1,444 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Comcast by 1.2% in the second quarter. First Citizens Bank & Trust Co. now owns 124,543 shares of the cable giant’s stock worth $4,087,000 after buying an additional 1,493 shares during the last quarter. Aries Wealth Management boosted its holdings in shares of Comcast by 11.6% in the second quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock worth $515,000 after buying an additional 1,500 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Comcast by 2.1% in the second quarter. Perkins Coie Trust Co now owns 74,403 shares of the cable giant’s stock worth $2,440,000 after buying an additional 1,534 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its holdings in shares of Comcast by 9.1% in the second quarter. Violich Capital Management Inc. now owns 18,530 shares of the cable giant’s stock worth $608,000 after buying an additional 1,550 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Pivotal Research reissued a “buy” rating on shares of Comcast in a 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 objective on the stock in a report on Monday, August 6th. Robert W. Baird dropped their price objective on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, July 30th. Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Finally, BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.79.
NASDAQ CMCSA opened at $36.17 on Friday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a market cap of $166.83 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.15 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. analysts expect that Comcast Co. will post 2.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, October 2nd. Comcast’s payout ratio is currently 36.89%.
In other news, SVP Daniel C. Murdock sold 1,694 shares of Comcast stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.31% of the company’s stock.
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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