Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA increased its holdings in Comcast by 2.1%, owning 1,542,139 shares worth approximately $56.9 million as of its latest SEC filing.
• Comcast's recent quarterly earnings exceeded expectations, reporting $1.25 EPS and revenue of $30.31 billion, both surpassing analyst estimates.
• The company announced a quarterly dividend of $0.33 per share, representing a 4.2% yield based on its annualized amount.

Everett Harris & Co. CA increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,542,139 shares of the cable giant's stock after purchasing an additional 31,259 shares during the period. Comcast accounts for 0.7% of Everett Harris & Co. CA's investment portfolio, making the stock its 27th largest holding. Everett Harris & Co. CA's holdings in Comcast were worth $56,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Inlight Wealth Management LLC purchased a new position in Comcast in the 1st quarter valued at $26,000. Abound Financial LLC acquired a new stake in Comcast in the first quarter valued at about $29,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. TD Cowen dropped their price target on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays decreased their price objective on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. BNP Paribas Exane reduced their price target on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Finally, KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.73.

Comcast Trading Down 1.5%

NASDAQ CMCSA opened at $31.67 on Friday. The company has a market capitalization of $118.25 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company's fifty day moving average price is $34.61 and its two-hundred day moving average price is $34.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast's payout ratio is currently 21.82%.

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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