Robert W. Baird Reaffirms Buy Rating for Comcast Corporation (NASDAQ:CMCSA)

Marco Green
September 12, 2017

Colonial Trust Advisors increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 296.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,559 shares of the cable giant's stock after selling 337,307 shares during the period. Comcast Corp now has $178.31B valuation. As of the end of the quarter Tci Fund Management Ltd had bought a total of 717,100 shares growing its holdings by 0.8%. The shares were last seen trading -1.01% lower, taking the closing price at $38.21 on Sep. Finally, Palisade Capital Management LLC NJ raised its holdings in Comcast Corporation by 456.5% during the 1st quarter. On Monday, June 27 the stock rating was maintained by Nomura with "Buy".

Bbt Capital Management Llc increased its stake in Equinix Inc (Call) (EQIX) by 16.67% based on its latest 2016Q4 regulatory filing with the SEC. Patriot Financial Group Insurance Agency LLC grew its stake in Comcast Corporation by 100.0% in the first quarter.

Insider Trades for Comcast Corporation show that the latest trade was made on 9 Aug 2017 where Watson (David N), the Officer completed a transaction type "Sell" in which 19578 shares were traded at a price of $40.73. Trading volume was up 156.61% over the stocks average daily volume. The company rocked its 52-Week High of $42.18 and touched its 52-Week Low of $30.02. The stock has a market cap of $177.76 billion, a price-to-earnings ratio of 19.000 and a beta of 1.01. It is trading at $59.74 which is just a bit higher than the 50 day moving average which is $55.44 and which is significantly higher than the 200 day moving average of $52.79.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. Finally, Egerton Capital UK LLP raised its holdings in shares of Comcast Corporation by 87.3% in the first quarter. The company beat the analyst EPS Estimate with the difference of $0. Comcast Corporation had a return on equity of 15.30% and a net margin of 10.81%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Comcast Corporation announced a dividend that was paid on Wednesday July 26th, 2017. Investors of record on Wednesday, April 5th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd.

CMCSA has been the subject of a number of analyst reports. Instinet restated a buy rating and issued a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th.

In the most updated research from a number of analysts on Wall Street, the company gets 29 Buys and 0 Sell among 31 analysts. Oppenheimer Holdings, Inc. increased their price objective on Comcast Corporation from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday.

Among 26 analysts covering Comcast Corporation (NASDAQ:CMCSA), 21 have Buy rating, 1 Sell and 4 Hold. The rating was maintained by Wunderlich with "Buy" on Wednesday, September 16. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, February 4 with "Outperform" rating. Amalgamated Bank acquired 191,165 shares as Comcast Corp (CMCSA)'s stock rose 3.16%. The stock was sold at an average price of $70.05, for a total transaction of $175,125.00. Following the sale, the senior vice president now owns 725 shares of the company's stock, valued at approximately $28,717.25.

The company trades at a free cash flow yield of 0.04 and has a P/E of 12.23. BLOCK ARTHUR R sold $762,193 worth of stock. It is positive, as 58 investors sold CMCSA shares while 518 reduced holdings. For shareholders, given the total diluted outstanding shares of 4.81 billion, this means overall earnings per share of 0.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. (NASDAQ:GOOG) traded down -1.01% in the last session while performance was up 926.5% in the last five days. Lba Wealth stated it has 0.02% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). The Company has two primary businesses: Comcast Cable and NBCUniversal. The Firm operates in four business divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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