Brandywine Global Investment Management LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,428,720 shares of the cable giant's stock after buying an additional 1,108,747 shares during the quarter. Comcast makes up approximately 2.0% of Brandywine Global Investment Management LLC's portfolio, making the stock its 5th biggest position. Brandywine Global Investment Management LLC owned about 0.20% of Comcast worth $274,120,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter worth about $26,000. Abound Financial LLC acquired a new position in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC increased its position in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates increased its stake in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. Institutional investors own 84.32% of the company's stock.
Comcast Price Performance
Shares of CMCSA traded up $0.46 during mid-day trading on Tuesday, hitting $33.89. The company's stock had a trading volume of 15,952,031 shares, compared to its average volume of 24,310,789. The firm has a 50-day simple moving average of $34.33 and a 200 day simple moving average of $34.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $125.13 billion, a P/E ratio of 5.60, a P/E/G ratio of 2.01 and a beta of 0.92. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. Comcast's payout ratio is presently 21.82%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. The Goldman Sachs Group lowered their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.73.
Check Out Our Latest Analysis on CMCSA
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.
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