apricus wealth LLC Increases Stock Position in Comcast Corporation $CMCSA

Key Points

• Apricus Wealth LLC increased its stake in Comcast Corporation by 21.4% during the second quarter, with a total of 60,015 shares valued at $2,142,000 as of their latest filing.
• Other institutional investors have also boosted their positions in Comcast, with Dodge & Cox raising their stake by 19.1%, bringing their total to over 94 million shares valued at approximately $3.48 billion.
• Comcast recently announced a quarterly dividend of $0.33 per share, reflecting an annualized dividend of $1.32 and a dividend yield of 4.5%.

apricus wealth LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,015 shares of the cable giant's stock after buying an additional 10,570 shares during the period. apricus wealth LLC's holdings in Comcast were worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Dodge & Cox raised its position in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Comcast by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock worth $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new stake in Comcast in the first quarter valued at $940,015,000. Harris Associates L P boosted its stake in Comcast by 0.5% during the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant's stock valued at $759,938,000 after acquiring an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Comcast by 2.2% during the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant's stock worth $746,980,000 after acquiring an additional 427,705 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.57 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $109.18 billion, a PE ratio of 4.89, a P/E/G ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31. The business's fifty day moving average price is $32.19 and its two-hundred day moving average price is $33.63.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.34 billion during the quarter. On average, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast's payout ratio is currently 21.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on CMCSA shares. Rosenblatt Securities decreased their price target on Comcast from $38.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Comcast in a research report on Tuesday, October 14th. Citigroup reissued a "buy" rating on shares of Comcast in a research report on Tuesday, August 26th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. Finally, Sanford C. Bernstein dropped their target price on shares of Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.76.

Comcast Company 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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