Chicago Capital LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 85.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,531 shares of the cable giant's stock after purchasing an additional 20,555 shares during the period. Chicago Capital LLC's holdings in Comcast were worth $1,643,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares in the last quarter. Allworth Financial LP grew its holdings in Comcast by 22.0% in the fourth quarter. Allworth Financial LP now owns 91,037 shares of the cable giant's stock worth $3,378,000 after purchasing an additional 16,419 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $1,654,000. Sierra Ocean LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $65,000. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Comcast by 96.1% in the 4th quarter. Catalyst Capital Advisors LLC now owns 5,923 shares of the cable giant's stock worth $222,000 after purchasing an additional 2,902 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Stock Performance
Shares of Comcast stock traded down $0.27 during trading hours on Thursday, reaching $34.26. 16,242,295 shares of the stock traded hands, compared to its average volume of 21,993,902. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The firm has a market capitalization of $127.92 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.67 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. The company has a 50 day moving average price of $34.48 and a 200 day moving average price of $35.98.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share. On average, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.85%. Comcast's dividend payout ratio (DPR) is presently 32.43%.
Analyst Upgrades and Downgrades
CMCSA has been the subject of a number of analyst reports. Citigroup reduced 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. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report 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. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
View Our Latest Analysis on CMCSA
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.
Featured Stories
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
