11,110 Shares in Comcast Corporation (NASDAQ:CMCSA) Acquired by Elyxium Wealth LLC

Elyxium Wealth LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,110 shares of the cable giant's stock, valued at approximately $410,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Norges Bank bought a new stake in shares of Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC boosted its holdings in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the last quarter. Dodge & Cox boosted its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Scotiabank raised their price objective on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Oppenheimer decreased their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus price target of $41.10.

Comcast Stock Performance

Shares of CMCSA opened at $34.54 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $35.00 and a two-hundred day simple moving average of $35.31. The stock has a market cap of $128.96 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.68 and a beta of 0.95. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. Comcast's payout ratio is 32.43%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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