Drilling Down Into Comcast Corporation (CMCSA)
- Author: Salvatore Jensen Apr 13, 2017,
Apr 13, 2017, 9:59
The Fortaleza Asset Management Inc holds 13,415 shares with $926,000 value, down from 23,325 last quarter. However, it could also mean that something is fundamentally wrong with the company. Moreover, Sol Co has 0.68% invested in Comcast Corporation (NASDAQ:CMCSA). Massmutual Trust Co. FSB ADV bought a new position in Comcast during the fourth quarter worth $105,000. Horizon Kinetics LLC now owns 8,135 shares of the cable giant's stock worth $562,000 after buying an additional 26 shares during the period. Meanwhile, due to an ongoing pressure which caused a decline of nearly -0.11% in the past five days, the stock price is now up 0.05% so far on the year - still in weak territory. Karpus Management Inc., a New York-based fund reported 1.76 million shares. 15,343 are owned by Sg Americas Securities Ltd Limited Liability Company. Twenty-one investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Consequently, investors will be able to grasp the rudimentary determinant of asset distribution and all kinds of risk-return parameters for stocks together with the stock mutual funds.
Shares of Intel Corporation (NASDAQ:INTC) are on a recovery track as they have regained 24.88% since bottoming out at $29.5 on May. The firm has a 50 day moving average of $37.48 and a 200-day moving average of $35.28.
Comcast (NASDAQ:CMCSA) announced that its board has initiated a stock buyback program, which permits the company to repurchase $12 billion in outstanding shares on Thursday, January 26th, EventVestor reports. Oppenheimer Holdings Inc. boosted their price target on Comcast from $37.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, January 30th. The cable giant reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. The company earned $21 billion during the quarter, compared to analysts' expectations of $20.67 billion. Currently, Intel Corporation net profit margin for the 12 months is at 17.37%. Comcast's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. Comcast Corporation has a 1-year low of $53.62 and a 1-year high of $76.87. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.1575 per share.
Investors sentiment increased to 0.96 in Q4 2016. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, April 3rd.
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A number of equities research analysts have weighed in on CMCSA shares. Are investors supposed to sell when the stock hits the target? Wells Fargo & Co reaffirmed an "outperform" rating and set a $42.50 price target on shares of Comcast in a research report on Friday, April 7th. Deutsche Bank AG raised Comcast Corporation from a "hold" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $88.00 in a report on Friday, January 13th.
Price targets show what analysts believes a stock will be worth at the end of a certain time period. Also, EVP Arthur R. Block sold 6,752 shares of the firm's stock in a transaction on Tuesday, November 29th. Stock has P/B of 0.37. Morgan Stanley has 102,556 shares for 0% of their portfolio. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Smit sold 28,307 shares of the stock in a transaction on Wednesday, February 1st. Shares for $1.31 million were sold by COHEN DAVID L. Insiders own 1.27% of the company's stock. The disclosure for this sale can be found here. Insiders have sold a total of 311,048 shares of company stock worth $19,389,499 in the last quarter. The new service of Comcast may make a T-Mobile merger less likely; T-Mobile's preferred merger with a cable company may be less likely. The Firm is involved in the creation and licensing of semiconductor processor IP for graphics, video and vision processing, general goal and embedded processing (central processing unit and microcontroller), and multi-standard communications to enable connectivity. The Company's Comcast Cable business operates in the Cable Communications segment.
Institutional investors have recently made changes to their positions in the stock.