Foster & Motley Inc. purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,239 shares of the cable giant's stock, valued at approximately $963,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Allied Private Wealth LLC acquired a new position in Comcast during the second quarter worth approximately $26,000. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC boosted its stake in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock worth $27,000 after acquiring an additional 401 shares during the period. Finally, Main Street Group LTD acquired a new position in shares of Comcast during the 1st quarter worth approximately $27,000. Institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
CMCSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. BNP Paribas Exane cut their target price on shares of Comcast from $25.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, July 14th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $28.00 target price on shares of Comcast in a report on Monday, July 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $31.00 price target on shares of Comcast in a research note on Friday, July 24th. Finally, KeyCorp reissued a "sector weight" rating on shares of Comcast in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.96.
Check Out Our Latest Stock Analysis on Comcast
Comcast Price Performance
Shares of Comcast stock opened at $26.59 on Thursday. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $23.98 and a two-hundred day simple moving average of $26.82. The stock has a market capitalization of $94.36 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business's revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.52 EPS for the current year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast's dividend payout ratio (DPR) is 42.72%.
Comcast Company Profile
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Free Report)
Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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