Fiduciary Group LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,480 shares of the cable giant's stock after selling 31,814 shares during the quarter. Fiduciary Group LLC's holdings in Comcast were worth $4,815,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CMCSA. Capital World Investors lifted its holdings in shares of Comcast by 8.6% during 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 acquiring an additional 11,255,683 shares in the last quarter. Norges Bank purchased a new position in Comcast in the fourth quarter valued at about $3,835,226,000. Geode Capital Management LLC lifted its stake in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox boosted its position in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after buying 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 fourth 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 during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CMCSA shares. BNP Paribas Exane reduced their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Rothschild & Co Redburn dropped their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday, April 25th. Evercore ISI lowered their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $40.96.
View Our Latest Stock Report on Comcast
Comcast Price Performance
CMCSA traded up $0.10 during trading on Thursday, reaching $35.93. The stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. Comcast Corporation has a 1-year low of $31.44 and a 1-year 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. The stock has a 50 day moving average of $34.77 and a two-hundred day moving average of $35.54. The firm has a market capitalization of $134.13 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.95.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS 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 12.72% and a return on equity of 19.70%. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Dividend Announcement
The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.
About Comcast
(
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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