Praxis Investment Management Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,110 shares of the cable giant's stock after acquiring an additional 26,920 shares during the period. Praxis Investment Management Inc.'s holdings in Comcast were worth $4,469,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Garland Capital Management Inc. increased its stake in Comcast by 5.0% during the 1st quarter. Garland Capital Management Inc. now owns 86,105 shares of the cable giant's stock valued at $3,177,000 after buying an additional 4,065 shares during the period. Stonegate Investment Group LLC increased its stake in Comcast by 11.9% during the 1st quarter. Stonegate Investment Group LLC now owns 38,533 shares of the cable giant's stock valued at $1,422,000 after buying an additional 4,102 shares during the period. Advisor Resource Council acquired a new position in Comcast during the 1st quarter valued at about $612,000. Meriwether Wealth & Planning LLC increased its stake in Comcast by 21.6% during the 1st quarter. Meriwether Wealth & Planning LLC now owns 38,572 shares of the cable giant's stock valued at $1,423,000 after buying an additional 6,861 shares during the period. Finally, Good Steward Wealth Advisors LLC acquired a new position in Comcast during the 1st quarter valued at about $390,000. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Performance
Shares of CMCSA opened at $34.53 on Friday. The company's 50 day moving average price is $34.50 and its 200 day moving average price is $35.86. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market capitalization of $128.92 billion, a PE ratio of 8.48, a PEG ratio of 1.67 and a beta of 0.95. 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 (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is 32.43%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on CMCSA shares. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
Get Our Latest Report on Comcast
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.
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