Woodstock Corp grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 188,279 shares of the cable giant’s stock after acquiring an additional 406 shares during the quarter. Woodstock Corp’s holdings in Comcast were worth $7,339,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of CMCSA. Efficient Wealth Management LLC purchased a new stake in Comcast in the first quarter valued at approximately $25,000. Capital Wealth Alliance LLC acquired a new position in shares of Comcast in the 4th quarter valued at $30,000. TFG Advisers LLC purchased a new stake in Comcast in the 4th quarter valued at $32,000. Filbrandt Wealth Management LLC acquired a new stake in Comcast during the 4th quarter worth $34,000. Finally, PSI Advisors LLC purchased a new position in Comcast during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 83.23% of the company’s stock.
In other Comcast news, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $37.53, for a total transaction of $34,490.07. Following the transaction, the chief accounting officer now owns 2,654 shares in the company, valued at $99,604.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Daniel C. Murdock sold 4,536 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $38.60, for a total value of $175,089.60. Following the completion of the sale, the chief accounting officer now owns 10,085 shares of the company’s stock, valued at approximately $389,281. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
CMCSA has been the topic of a number of research reports. UBS Group lowered their price target on Comcast from $49.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. KeyCorp lowered their target price on Comcast from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Wells Fargo & Co lifted their price objective on shares of Comcast from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Rosenblatt Securities reiterated a “buy” rating and set a $44.00 price target on shares of Comcast in a research note on Thursday, April 30th. Finally, Robert W. Baird lowered Comcast from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $38.00 in a report on Monday, March 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.08.
CMCSA traded down $0.08 during midday trading on Tuesday, hitting $40.25. The company’s stock had a trading volume of 628,141 shares, compared to its average volume of 20,891,280. Comcast Co. has a 52-week low of $31.70 and a 52-week high of $47.74. The firm has a 50-day moving average price of $39.56 and a two-hundred day moving average price of $40.56. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.28. The firm has a market cap of $178.71 billion, a P/E ratio of 15.98, a PEG ratio of 1.75 and a beta of 0.97.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 30th. The cable giant reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $26.61 billion during the quarter, compared to analyst estimates of $26.71 billion. Comcast had a net margin of 10.72% and a return on equity of 17.56%. Comcast’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, equities analysts expect that Comcast Co. will post 2.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.29%. Comcast’s dividend payout ratio (DPR) is 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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