Sage Rhino Capital LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 77.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 23,812 shares of the cable giant’s stock after purchasing an additional 10,385 shares during the quarter. Sage Rhino Capital LLC’s holdings in Comcast were worth $928,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Merchants Corp raised its stake in shares of Comcast by 9.6% during the second quarter. First Merchants Corp now owns 168,127 shares of the cable giant’s stock worth $6,551,000 after buying an additional 14,685 shares during the last quarter. Trust Co. of Oklahoma raised its stake in shares of Comcast by 14.2% during the first quarter. Trust Co. of Oklahoma now owns 21,382 shares of the cable giant’s stock worth $735,000 after buying an additional 2,652 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Comcast by 170.8% during the first quarter. Peapack Gladstone Financial Corp now owns 125,785 shares of the cable giant’s stock worth $4,324,000 after buying an additional 79,337 shares during the last quarter. Motley Fool Wealth Management LLC raised its stake in shares of Comcast by 36.0% during the first quarter. Motley Fool Wealth Management LLC now owns 425,839 shares of the cable giant’s stock worth $14,640,000 after buying an additional 112,808 shares during the last quarter. Finally, Chemung Canal Trust Co. raised its stake in shares of Comcast by 15.6% during the second quarter. Chemung Canal Trust Co. now owns 144,493 shares of the cable giant’s stock worth $5,632,000 after buying an additional 19,468 shares during the last quarter. 83.16% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on CMCSA. Nomura decreased their price objective on shares of Comcast from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. TD Securities decreased their price objective on shares of Comcast from $47.00 to $45.00 and set a “buy” rating for the company in a report on Monday, April 6th. UBS Group decreased their price objective on shares of Comcast from $49.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Oppenheimer restated a “hold” rating on shares of Comcast in a report on Thursday, April 30th. Finally, Rosenblatt Securities boosted their price objective on shares of Comcast from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.38.
NASDAQ CMCSA traded down $0.87 on Friday, hitting $42.80. 23,913,538 shares of the stock were exchanged, compared to its average volume of 17,506,434. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.87. The business’s fifty day moving average is $40.51 and its 200 day moving average is $40.20. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $47.74. The company has a market capitalization of $195.34 billion, a PE ratio of 17.19, a P/E/G ratio of 1.96 and a beta of 0.97.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The firm had revenue of $23.72 billion for the quarter, compared to analyst estimates of $23.56 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. Analysts predict that Comcast Co. will post 2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s dividend payout ratio (DPR) is currently 29.39%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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