The Comcast Co. (CMCSA) Stake Boosted by Baystate Wealth Management LLC

The Comcast Co. (CMCSA) Stake Boosted by Baystate Wealth Management LLC

A number of other institutional investors have also modified their holdings of the company. Dubuque Bank & Trust Co. raised its position in Comcast by 39.9% in the third quarter. Dubuque Bank & Trust Co. now owns 74,066 shares of the cable giant’s stock valued at $4,914,000 after buying an additional 21,122 shares in the last quarter. Korea Investment CORP raised its position in Comcast by 15.8% in the third quarter. Korea Investment CORP now owns 2,556,309 shares of the cable giant’s stock valued at $169,586,000 after buying an additional 349,194 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Comcast by 0.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,494,772 shares of the cable giant’s stock valued at $364,523,000 after buying an additional 14,843 shares in the last quarter. Westpac Banking Corp raised its position in Comcast by 5.1% in the third quarter. Westpac Banking Corp now owns 1,292,692 shares of the cable giant’s stock valued at $85,757,000 after buying an additional 63,287 shares in the last quarter. Finally, Private Vista LLC raised its position in Comcast by 54.2% in the third quarter. Private Vista LLC now owns 4,812 shares of the cable giant’s stock valued at $296,000 after buying an additional 1,691 shares in the last quarter. 82.03% of the stock is owned by institutional investors.

Baystate Wealth Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 94.2% during the first quarter, Holdings Channel reports. The firm owned 4,567 shares of the cable giant’s stock after buying an additional 2,215 shares during the period. Baystate Wealth Management LLC’s holdings in Comcast were worth $170,000 as of its most recent SEC filing.

Comcast Co. (NASDAQ:CMCSA) opened at 41.99 on Monday. Comcast Co. has a 52-week low of $30.02 and a 52-week high of $42.17. The firm has a market capitalization of $199.55 billion, a P/E ratio of 22.28 and a beta of 1.07. The company’s 50-day moving average is $39.21 and its 200-day moving average is $37.10.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The firm had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $20.10 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Comcast Co. will post $1.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, June 30th. Comcast’s payout ratio is currently 30.81%. Several equities analysts have issued reports on the stock. Macquarie reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, May 16th. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Friday. Pivotal Research cut their price target on shares of Comcast to $48.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Guggenheim reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, March 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price target (up from $43.00) on shares of Comcast in a report on Saturday, April 29th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.35.

In other Comcast news, EVP Arthur R. Block sold 7,053 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $37.47, for a total transaction of $264,275.91. Following the transaction, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,360,160.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. Insiders have sold a total of 341,812 shares of company stock worth $13,201,635 over the last three months. 1.27% of the stock is currently owned by insiders. Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CMCSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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