Atwater Malick LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,413 shares of the cable giant's stock after selling 49,408 shares during the quarter. Atwater Malick LLC's holdings in Comcast were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the company. Foster Group Inc. lifted its stake in Comcast by 14.7% during the 1st quarter. Foster Group Inc. now owns 7,136 shares of the cable giant's stock worth $263,000 after acquiring an additional 912 shares in the last quarter. Vest Financial LLC lifted its stake in Comcast by 76.6% during the 1st quarter. Vest Financial LLC now owns 68,759 shares of the cable giant's stock worth $2,537,000 after acquiring an additional 29,822 shares in the last quarter. Salvus Wealth Management LLC lifted its stake in Comcast by 9.6% during the 1st quarter. Salvus Wealth Management LLC now owns 24,018 shares of the cable giant's stock worth $886,000 after acquiring an additional 2,095 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Comcast by 34.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 46,966 shares of the cable giant's stock worth $1,733,000 after acquiring an additional 12,134 shares in the last quarter. Finally, Cypress Wealth Services LLC raised its position in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on CMCSA shares. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Citigroup cut their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus price target of $42.10.
Get Our Latest Stock Analysis on Comcast
Comcast Stock Performance
NASDAQ:CMCSA traded up $0.48 during mid-day trading on Friday, reaching $34.70. 13,753,001 shares of the stock were exchanged, compared to its average volume of 22,040,554. The company has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $36.48. The stock has a market capitalization of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.80%. Comcast's dividend payout ratio is presently 32.43%.
Comcast Profile
(
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.
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