22,623 Shares in Comcast Corporation (NASDAQ:CMCSA) Purchased by Croban

Croban acquired a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,623 shares of the cable giant's stock, valued at approximately $835,000.

Other institutional investors also recently modified their holdings of the company. Aviva PLC raised its holdings in Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after purchasing an additional 156,986 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after buying an additional 1,261,278 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. Geode Capital Management LLC lifted its position in Comcast by 1.2% during 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 purchasing an additional 1,006,272 shares during the period. Finally, Transcend Capital Advisors LLC lifted its position in Comcast by 21.7% during the first quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock valued at $2,834,000 after purchasing an additional 13,678 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CMCSA shares. Evercore ISI lowered their price objective on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Arete Research upgraded shares of Comcast to a "hold" rating in a research report on Tuesday. Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, New Street Research cut their price target on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.96.

Comcast Trading Down 0.6%

Comcast stock opened at $35.42 on Friday. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a 50-day moving average price of $34.95 and a 200 day moving average price of $35.46. 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 company has a market capitalization of $132.25 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. Comcast's dividend payout ratio is currently 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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