First Pacific Advisors LP raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,956,640 shares of the cable giant's stock after buying an additional 88,177 shares during the quarter. Comcast accounts for about 6.5% of First Pacific Advisors LP's investment portfolio, making the stock its 4th largest position. First Pacific Advisors LP owned about 0.29% of Comcast worth $404,300,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. OMNI 360 Wealth Inc. acquired a new stake in shares of Comcast in the 1st quarter valued at $335,000. Aviva PLC increased its stake in shares of Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock valued at $87,359,000 after buying an additional 156,986 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after buying an additional 1,261,278 shares during the period. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the period. Finally, Transcend Capital Advisors LLC grew its stake in shares of Comcast by 21.7% during the first quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock worth $2,834,000 after purchasing an additional 13,678 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CMCSA. Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Scotiabank lifted their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Finally, Rothschild & Co Redburn decreased their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Comcast has a consensus rating of "Hold" and a consensus price target of $41.13.
Read Our Latest Analysis on CMCSA
Comcast Stock Performance
Shares of CMCSA stock traded down $0.03 during trading hours on Monday, reaching $33.66. The stock had a trading volume of 7,667,891 shares, compared to its average volume of 24,204,621. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a 50-day simple moving average of $35.01 and a 200-day simple moving average of $35.22. The firm has a market capitalization of $125.66 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95.
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, beating the consensus estimate 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 analyst estimates of $29.82 billion. During the same quarter last year, the firm posted $1.04 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. Comcast's payout ratio is presently 32.43%.
Comcast 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.
Read More

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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.