Economy

Capital One National Association Boosts Stake in Comcast Corporation (NASDAQ:CMCSA)

First American Bank decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. Shares for $10.07 million were sold by BURKE STEPHEN B on Tuesday, May 9. TD Securities began coverage on Comcast Corporation in a research report on Thursday, July 13th. WINTON GROUP Ltd increased its position in Comcast Corporation by 573.3% during the first quarter. The stock has "Buy" rating by Jefferies on Monday, December 19. It also increased its holding in Kroger Co (NYSE:KR) by 44,470 shares in the quarter, for a total of 69,134 shares, and has risen its stake in Triumph Group Inc New (NYSE:TGI). Oppenheimer maintained the stock with "Buy" rating in Monday, August 14 report. Logan Capital Management Inc. increased its holdings in shares of Comcast Corporation by 5.9% in the first quarter. Cypress Asset Incorporated Tx invested 0.07% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). NN Investment Partners Holdings N.V. now owns 4,087,542 shares of the cable giant's stock valued at $159,087,000 after acquiring an additional 1,584,977 shares during the last quarter. BLOCK ARTHUR R had sold 10,215 shares worth $380,407. The institutional investor held 384,123 shares of the prepackaged software company at the end of 2017Q2, valued at $4.14M, down from 478,923 at the end of the previous reported quarter.

ILLEGAL ACTIVITY NOTICE: This piece was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another publication, it was stolen and republished in violation of United States and global trademark & copyright laws. Comgest Invsts Sas invested 3.25% in Comcast Corporation (NASDAQ:CMCSA).

In other news, Director Kenneth J. Bacon sold 2,232 shares of the company's stock in a transaction on Friday, September 15th. Following the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. Also, SVP Daniel C. Murdock sold 3,659 shares of the company's stock in a transaction on Monday, August 7th. The stock has moved down across its 50-day moving average of $39.84. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25.

Analysts believe that the company has the potential to earn average revenue of $21.03 Billion for the current quarter. Finally, BidaskClub lowered Comcast Corporation from a "buy" rating to a "hold" rating in a research report on Friday, June 23rd. (The) restated a "buy" rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Huntington National Bank raised its holdings in shares of Comcast Corporation by 105.3% during the 1st quarter. (The) reiterated a "buy" rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average target price of $45.83. After $0.76 actual earnings per share reported by Cambrex Corporation for the previous quarter, Wall Street now forecasts -38.16% negative EPS growth. Sawgrass Asset Management Llc who had been investing in Comcast for a number of months, seems to be bullish on the $178.83B market cap company. If we take a long term observation, shares have been trading at a distance of -1.96% from the 200-day moving average. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.

01/26/2017: Comcast Corporation reported Q4 earnings of $0.45, beating consensus estimates of $0.43. The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%.

It closed at $8.05 lastly. During the same period in the prior year, the business posted $0.83 earnings per share.

CMCSA is now undervalued by -17.17% relative to the average 1-year price target of $46.00 taken from a group of Wall Street Analysts.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Water Island Ltd Company has 0.14% invested in Comcast Corporation (NASDAQ:CMCSA). This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, October 3rd. The trade volumes are expected to remain volatile during earnings announcement period, as many investors would reconsider their investment in Comcast Corporation based on the results.

Comcast Corp., among the world's leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. It is organized into two business units: Engineering & Construction and Drilling.



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