Stock On the Run: Comcast Corporation (CMCSA)
- Author: Arturo Norris Apr 19, 2017,
Apr 19, 2017, 23:00
OR cut its position in shares of Comcast Co. Adirondack Trust Co. now owns 1,671 shares of the cable giant's stock valued at $111,000 after buying an additional 335 shares during the period. OR's holdings in Comcast were worth $6,131,000 as of its most recent filing with the SEC.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Finally, The Manufacturers Life Insurance Company bought a new stake in Comcast during the third quarter valued at about $222,808,000. FMR LLC increased its position in Comcast by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD raised its stake in Comcast by 21.2% in the third quarter. MD now owns 43,792,055 shares of the cable giant's stock worth $2,905,165,000 after buying an additional 7,652,797 shares during the period. The institutional investor owned 57,031 shares of the cable giant's stock after buying an additional 9,551 shares during the period. Ltd. raised its stake in Comcast by 833.6% in the fourth quarter. Shares have risen 16.25% over the trailing 6 months. The stock now has a Market Cap of $178.61B.
Comcast Co. has a 12-month low of $29.81 and a 12-month high of $38.44.
If we look at stock performance in last active day trading, we see that stock has moved slumped -0.29% to end the day at $71.53. This showed the surprise of 4.7% in the last quarter earnings.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Comcast Corporation the EPS stands at 0.45 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.43, suggesting the stock exceeded the analysts' expectations.
Comcast Corporation (NASDAQ:CMCSA) yearly performance is 22.12% and net profit margin is 10.80%. Its revenue stood at -8.20% a year on average in the period of last five years. During the same period in the prior year, the firm posted $0.81 EPS. A D Beadell Inv Counsel Incorporated owns 5,565 shares for 0.33% of their portfolio. This is an increase from Comcast Corporation's previous quarterly dividend of $0.14.
Globus Maritime Limited (NASDAQ:GLBS) announced that in April of 2017, it reached amicable agreements with DVB Bank and HSH Nordbank AG on certain amendments and waivers to the terms of the original agreements dated on June 20, 2011 and February 27, 2015, respectively.
Dividends is a reward scheme, that a company presents to its shareholders. Comcast's payout ratio is 30.81%.
COPYRIGHT VIOLATION WARNING: "First American Trust FSB Acquires 26,609 Shares of Comcast Co". RBC Capital Markets maintained the shares of CMCSA in report on Wednesday, October 28 with "Outperform" rating. If you are reading this report on another domain, it was stolen and republished in violation of USA and global copyright & trademark law.
A number of equities analysts have recently weighed in on CMCSA shares.
On 04/18/2017 close, Comcast Corporation (NASDAQ:CMCSA) rose 1.05% to $37.59. Robert W. Baird reissued an "outperform" rating and set a $40.00 price target on shares of Comcast in a research report on Friday, April 7th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $40.00 price objective (up from $38.00) on shares of Comcast in a research note on Thursday, January 5th. Pivotal Research lowered their price objective on shares of Comcast to $48.00 and set a "buy" rating for the company in a research note on Monday, March 6th. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant's stock valued at $116,000 after buying an additional 758 shares during the period. Analyst's mean target price for CMCSA is $41.94 while analysts mean recommendation is 1.80.
In related news, EVP Arthur R. Block sold 15,846 shares of Comcast stock in a transaction dated Monday, March 27th. Following the completion of the transaction, the executive vice president now directly owns 38,844 shares in the company, valued at $2,950,590.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Shares for $2.15 million were sold by Smit Neil on Wednesday, February 1. The stock was trading on below-average volume. Following the sale, the executive vice president now directly owns 85,306 shares of the company's stock, valued at approximately $3,160,587.30. The disclosure for this sale can be found here. Jefferies Group LLC raised their price objective on shares of Comcast Corporation from $80.00 to $86.00 and gave the company a "buy" rating in a research report on Friday, January 27th. In the last 90 days, insiders sold 232,960 shares of company stock worth $17,402,224.
01/19/2017 - HSBC began new coverage on Comcast Corporation giving the company a "buy" rating. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.