Central Pacific Bank Trust Division grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 36.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,248 shares of the cable giant's stock after acquiring an additional 23,424 shares during the period. Central Pacific Bank Trust Division's holdings in Comcast were worth $3,219,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. First Hawaiian Bank increased its stake in Comcast by 13.1% in the first quarter. First Hawaiian Bank now owns 186,780 shares of the cable giant's stock valued at $6,892,000 after purchasing an additional 21,652 shares in the last quarter. Boston Common Asset Management LLC increased its stake in Comcast by 43.2% in the 1st quarter. Boston Common Asset Management LLC now owns 227,664 shares of the cable giant's stock worth $8,401,000 after acquiring an additional 68,722 shares during the last quarter. Marcum Wealth LLC grew its holdings in shares of Comcast by 5.2% during the first quarter. Marcum Wealth LLC now owns 34,716 shares of the cable giant's stock worth $1,281,000 after purchasing an additional 1,713 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in 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. Finally, Cullen Investment Group LTD. lifted its position in Comcast by 5.6% during the first quarter. Cullen Investment Group LTD. now owns 254,302 shares of the cable giant's stock valued at $9,384,000 after purchasing an additional 13,540 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Performance
NASDAQ CMCSA traded up $0.25 during trading hours on Tuesday, reaching $34.58. The company's stock had a trading volume of 6,772,378 shares, compared to its average volume of 21,939,794. The business has a 50-day simple moving average of $34.58 and a 200 day simple moving average of $36.57. The stock has a market cap of $129.11 billion, a PE ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $31.44 and a 52 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, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast's dividend payout ratio (DPR) is presently 32.43%.
Wall Street Analyst Weigh In
A number of analysts have commented on CMCSA shares. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.
Check Out Our Latest Analysis on Comcast
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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