Zeke Capital Advisors LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,140 shares of the cable giant’s stock after selling 7,492 shares during the quarter. Comcast comprises 1.1% of Zeke Capital Advisors LLC’s portfolio, making the stock its 13th biggest holding. Zeke Capital Advisors LLC’s holdings in Comcast were worth $12,140,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Campbell Newman Asset Management Inc. raised its stake in shares of Comcast by 1.3% in the second quarter. Campbell Newman Asset Management Inc. now owns 366,499 shares of the cable giant’s stock worth $15,496,000 after buying an additional 4,876 shares during the period. Greenleaf Trust raised its stake in shares of Comcast by 2.2% in the second quarter. Greenleaf Trust now owns 91,097 shares of the cable giant’s stock worth $3,852,000 after buying an additional 1,986 shares during the period. Logan Capital Management Inc. raised its stake in shares of Comcast by 31.7% in the second quarter. Logan Capital Management Inc. now owns 132,216 shares of the cable giant’s stock worth $5,590,000 after buying an additional 31,851 shares during the period. Westside Investment Management Inc. bought a new position in shares of Comcast in the second quarter worth about $34,000. Finally, Duncker Streett & Co. Inc. raised its stake in Comcast by 1.7% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 98,310 shares of the cable giant’s stock valued at $4,157,000 after purchasing an additional 1,621 shares during the period. 82.58% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on CMCSA. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 target price on the stock in a research note on Thursday, May 30th. ValuEngine downgraded Comcast from a “hold” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Nomura lifted their target price on Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average price target of $45.27.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 3.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.
In other news, SVP Daniel C. Murdock sold 1,701 shares of Comcast stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.35% of the company’s stock.
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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