Brucke Financial Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,670 shares of the cable giant's stock, valued at approximately $325,000.
A number of other large investors also recently bought and sold shares of CMCSA. Capital World Investors increased 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 purchased a new stake in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC increased its stake in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox increased its stake in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on CMCSA shares. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.
Check Out Our Latest Report on Comcast
Comcast Stock Down 0.9%
CMCSA traded down $0.32 on Wednesday, reaching $34.63. The company's stock had a trading volume of 19,742,752 shares, compared to its average volume of 21,975,049. The stock has a 50 day moving average of $34.74 and a two-hundred day moving average of $36.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $129.30 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $29.89 billion during 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 company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
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 issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.
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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