Brady Family Wealth LLC Reduces Holdings in Comcast Corporation (NASDAQ:CMCSA)

Brady Family Wealth LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 67.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,540 shares of the cable giant's stock after selling 53,261 shares during the quarter. Brady Family Wealth LLC's holdings in Comcast were worth $942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Capital World Investors raised its stake in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter worth $3,835,226,000. Geode Capital Management LLC raised its position in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after buying an additional 1,006,272 shares during the period. Dodge & Cox boosted its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CMCSA. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Barclays lowered their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

Shares of CMCSA opened at $34.26 on Friday. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The stock's fifty day moving average is $34.49 and its 200-day moving average is $35.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $127.92 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Comcast 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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