China Universal Asset Management Co. Ltd. Raises Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

China Universal Asset Management Co. Ltd. increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,154 shares of the cable giant's stock after purchasing an additional 31,034 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Comcast were worth $3,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Alpha Cubed Investments LLC lifted its holdings in shares of Comcast by 4.2% during the first quarter. Alpha Cubed Investments LLC now owns 14,541 shares of the cable giant's stock valued at $537,000 after purchasing an additional 584 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Comcast by 5.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 147,249 shares of the cable giant's stock valued at $5,434,000 after purchasing an additional 8,074 shares in the last quarter. Abound Financial LLC bought a new position in shares of Comcast during the first quarter valued at $29,000. Crossmark Global Holdings Inc. lifted its holdings in Comcast by 37.3% in the first quarter. Crossmark Global Holdings Inc. now owns 735,251 shares of the cable giant's stock valued at $27,131,000 after acquiring an additional 199,629 shares during the period. Finally, Washington Trust Bank increased its position in Comcast by 20.3% in the first quarter. Washington Trust Bank now owns 317,198 shares of the cable giant's stock worth $11,705,000 after buying an additional 53,418 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMCSA shares. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. BNP Paribas Exane dropped their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Finally, Citigroup decreased their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.96.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.44 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The stock's 50-day moving average is $34.85 and its two-hundred day moving average is $35.47. The firm has a market cap of $132.32 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the firm earned $1.04 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared 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 is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast 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.

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