Bridges Investment Management Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 19.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,319 shares of the cable giant's stock after selling 19,721 shares during the period. Bridges Investment Management Inc.'s holdings in Comcast were worth $3,074,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter worth $26,000. Abound Financial LLC acquired a new position in Comcast in the 1st quarter worth $29,000. Retirement Wealth Solutions LLC increased its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CMCSA. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Bernstein Bank lowered their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. BNP Paribas Exane cut their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. Finally, Rothschild & Co Redburn lowered their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and an average target price of $40.96.
Check Out Our Latest Analysis on CMCSA
Comcast Trading Down 1.1%
Shares of CMCSA stock traded down $0.38 during trading hours on Wednesday, hitting $35.62. 14,740,741 shares of the company's stock traded hands, compared to its average volume of 21,997,488. The stock has a market cap of $132.99 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The stock's 50 day simple moving average is $34.89 and its 200 day simple moving average is $35.47.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 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.
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