Calamos Advisors LLC Grows Position in Comcast Corporation (NASDAQ:CMCSA)

Calamos Advisors LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 826,418 shares of the cable giant's stock after acquiring an additional 9,190 shares during the quarter. Calamos Advisors LLC's holdings in Comcast were worth $30,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMCSA. Capital World Investors boosted its position in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $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 in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC boosted 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 valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox boosted its position in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing 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

A number of analysts have weighed in on CMCSA shares. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. TD Cowen decreased their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Finally, BNP Paribas Exane decreased their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.96.

Comcast Price Performance

NASDAQ CMCSA traded up $0.10 during mid-day trading on Friday, hitting $35.93. The stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. The company has a 50 day simple moving average of $34.77 and a 200 day simple moving average of $35.54. The company has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.74 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.67%. Comcast's dividend payout ratio is presently 32.43%.

Comcast Company 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.