Bank of Nova Scotia grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,386,949 shares of the cable giant's stock after buying an additional 298,034 shares during the period. Bank of Nova Scotia's holdings in Comcast were worth $51,178,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Aviso Wealth Management increased its position in shares of Comcast by 8.3% in the first quarter. Aviso Wealth Management now owns 43,754 shares of the cable giant's stock worth $1,615,000 after purchasing an additional 3,340 shares during the last quarter. R Squared Ltd bought a new position in shares of Comcast in the first quarter worth approximately $272,000. Banco Santander S.A. increased its position in shares of Comcast by 10.0% in the first quarter. Banco Santander S.A. now owns 700,126 shares of the cable giant's stock worth $25,835,000 after purchasing an additional 63,501 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Comcast by 93.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 34,901 shares of the cable giant's stock worth $1,288,000 after purchasing an additional 16,825 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Comcast by 6.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,934,038 shares of the cable giant's stock worth $145,166,000 after purchasing an additional 247,621 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.
Comcast Trading Down 2.1%
Shares of NASDAQ:CMCSA opened at $32.52 on Friday. The stock has a market capitalization of $121.42 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 1.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.91. The stock's 50-day simple moving average is $34.79 and its two-hundred day simple moving average is $35.10. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same period last year, the firm posted $1.21 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Announces Dividend
The business 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is presently 32.43%.
Wall Street Analyst Weigh In
A number of brokerages have commented on CMCSA. UBS Group reduced their price target on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday. Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Barclays reduced their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, TD Cowen reduced their price target on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of "Hold" and an average target price of $40.77.
Get Our Latest Report on Comcast
Comcast Company 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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