Stoneridge Investment Partners LLC Invests $5.99 Million in Comcast Corporation (CMCSA)

Stoneridge Investment Partners LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 153,986 shares of the cable giant’s stock, valued at approximately $5,993,000.

Other large investors also recently modified their holdings of the company. WINTON GROUP Ltd boosted its holdings in shares of Comcast Corporation by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares during the last quarter. Boston Partners boosted its holdings in shares of Comcast Corporation by 140.7% in the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Comcast Corporation by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares during the last quarter. Tower Bridge Advisors boosted its holdings in shares of Comcast Corporation by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after buying an additional 13,003 shares during the last quarter. Finally, Haverford Trust Co. boosted its holdings in shares of Comcast Corporation by 117.5% in the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares during the last quarter. 81.93% of the stock is currently owned by institutional investors.

Comcast Corporation (NASDAQ CMCSA) opened at 37.69 on Wednesday. The company has a 50 day moving average of $38.77 and a 200 day moving average of $39.26. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a market capitalization of $177.65 billion, a PE ratio of 18.99 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.67%. Comcast Corporation’s dividend payout ratio is presently 31.74%.

In related news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Tuesday, June 20th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.83.

TRADEMARK VIOLATION NOTICE: “Sto

Other large investors also recently modified their holdings of the company. WINTON GROUP Ltd boosted its holdings in shares of Comcast Corporation by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares during the last quarter. Boston Partners boosted its holdings in shares of Comcast Corporation by 140.7% in the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Comcast Corporation by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares during the last quarter. Tower Bridge Advisors boosted its holdings in shares of Comcast Corporation by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after buying an additional 13,003 shares during the last quarter. Finally, Haverford Trust Co. boosted its holdings in shares of Comcast Corporation by 117.5% in the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares during the last quarter. 81.93% of the stock is currently owned by institutional investors.

Comcast Corporation (NASDAQ CMCSA) opened at 37.69 on Wednesday. The company has a 50 day moving average of $38.77 and a 200 day moving average of $39.26. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a market capitalization of $177.65 billion, a PE ratio of 18.99 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.67%. Comcast Corporation’s dividend payout ratio is presently 31.74%.

In related news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Tuesday, June 20th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.83.

TRADEMARK VIOLATION NOTICE: “Stoneridge Investment Partners LLC Invests $5.99 Million in Comcast Corporation (CMCSA)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/stoneridge-investment-partners-llc-invests-5-99-million-in-comcast-corporation-cmcsa.html.

Comcast Corporation 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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply