Comcast Co. (NASDAQ:CMCSA) Shares Bought by PFW Advisors LLC

PFW Advisors LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 398.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,118 shares of the cable giant's stock after purchasing an additional 43,258 shares during the quarter. PFW Advisors LLC's holdings in Comcast were worth $1,997,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Norges Bank purchased a new stake in Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast during the 4th quarter worth approximately $743,681,000. Amundi increased its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Capital World Investors increased its stake in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Citigroup dropped their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research report on Thursday, April 10th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 1.4%

Shares of NASDAQ CMCSA opened at $34.70 on Friday. The stock has a market cap of $129.56 billion, a P/E ratio of 8.36, a PEG ratio of 1.78 and a beta of 0.95. 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 12-month low of $31.44 and a 12-month high of $45.31. The business's fifty day simple moving average is $34.39 and its 200-day simple moving average is $36.38.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. As a group, equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 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.

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