apricus wealth LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 49,445 shares of the cable giant's stock, valued at approximately $1,825,000.
Several other large investors have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC increased its position in shares of Comcast by 41.7% in the 1st quarter. Simon Quick Advisors LLC now owns 29,182 shares of the cable giant's stock valued at $1,077,000 after purchasing an additional 8,582 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Comcast by 18.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 5,553 shares of the cable giant's stock valued at $205,000 after purchasing an additional 863 shares during the last quarter. Visionary Horizons LLC increased its position in shares of Comcast by 32.4% in the 1st quarter. Visionary Horizons LLC now owns 18,849 shares of the cable giant's stock valued at $696,000 after purchasing an additional 4,612 shares during the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of Comcast by 6.4% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 23,484 shares of the cable giant's stock valued at $867,000 after purchasing an additional 1,408 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its position in shares of Comcast by 3.0% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 43,728 shares of the cable giant's stock valued at $1,614,000 after buying an additional 1,285 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CMCSA shares. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Morgan Stanley set a $37.00 target price on shares of Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.10.
Check Out Our Latest Stock Analysis on Comcast
Comcast Price Performance
NASDAQ:CMCSA traded up $0.09 during mid-day trading on Thursday, hitting $35.27. 14,226,127 shares of the company's stock traded hands, compared to its average volume of 22,060,274. The company has a market cap of $131.69 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm's 50 day simple moving average is $34.38 and its 200 day simple moving average is $36.26.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. Sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.
Comcast Announces Dividend
The company 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.74%. Comcast's dividend payout ratio (DPR) is presently 32.43%.
About Comcast
(
Free Report)
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.
Further Reading
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
