Enterprise Financial Services Corp raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,998 shares of the cable giant’s stock after buying an additional 2,499 shares during the period. Enterprise Financial Services Corp’s holdings in Comcast Corporation were worth $188,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Advantage Investment Management LLC purchased a new stake in Comcast Corporation during the fourth quarter worth $103,000. Massmutual Trust Co. FSB ADV purchased a new stake in Comcast Corporation during the fourth quarter worth $105,000. Thompson Siegel & Walmsley LLC increased its stake in Comcast Corporation by 5.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948 shares of the cable giant’s stock worth $135,000 after buying an additional 95 shares during the period. Mascoma Wealth Management LLC purchased a new stake in Comcast Corporation during the fourth quarter worth $160,000. Finally, OLD Second National Bank of Aurora increased its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the period. 82.66% of the stock is currently owned by institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at 41.28 on Friday. The company has a market cap of $196.18 billion, a PE ratio of 21.90 and a beta of 1.04. The stock has a 50 day moving average of $40.08 and a 200-day moving average of $37.60. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The business had revenue of $20.46 billion for the quarter, compared to analyst estimates of $20.10 billion. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. On average, equities research analysts predict that Comcast Corporation will post $1.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast Corporation’s dividend payout ratio is 33.51%.
A number of equities research analysts recently weighed in on CMCSA shares. Evercore ISI reissued an “overweight” rating on shares of Comcast Corporation in a research report on Monday, February 27th. Guggenheim reissued a “neutral” rating and set a $40.00 target price on shares of Comcast Corporation in a research report on Wednesday, March 1st. Pivotal Research decreased their target price on Comcast Corporation to $48.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Deutsche Bank AG reissued a “buy” rating and set a $44.00 target price on shares of Comcast Corporation in a research report on Tuesday, March 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $42.50 target price on shares of Comcast Corporation in a research report on Friday, April 7th. Two equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Comcast Corporation presently has a consensus rating of “Buy” and a consensus price target of $43.35.
In other Comcast Corporation news, EVP Stephen B. Burke sold 258,380 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the sale, the executive vice president now owns 980,498 shares in the company, valued at $38,229,617.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 20,572 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $37.05, for a total transaction of $762,192.60. Following the completion of the sale, the executive vice president now owns 85,306 shares in the company, valued at approximately $3,160,587.30. The disclosure for this sale can be found here. Insiders have sold a total of 341,812 shares of company stock worth $13,201,635 in the last quarter. 1.27% of the stock is currently owned by company insiders.
About Comcast Corporation
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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