AustralianSuper Pty Ltd lifted its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 61.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,263,015 shares of the cable giant's stock after buying an additional 1,239,367 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.09% of Comcast worth $120,405,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Brighton Jones LLC raised its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Comcast by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock worth $598,000 after acquiring an additional 4,781 shares during the last quarter. Holderness Investments Co. raised its stake in Comcast by 5.3% in the 4th quarter. Holderness Investments Co. now owns 27,685 shares of the cable giant's stock worth $1,039,000 after acquiring an additional 1,403 shares during the last quarter. Loudon Investment Management LLC raised its stake in shares of Comcast by 5.9% during the 4th quarter. Loudon Investment Management LLC now owns 110,553 shares of the cable giant's stock valued at $4,149,000 after buying an additional 6,113 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $200,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Stock Down 0.5%
CMCSA stock traded down $0.16 during trading on Friday, reaching $34.54. 14,787,636 shares of the company traded hands, compared to its average volume of 21,925,448. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The business has a 50 day simple moving average of $35.00 and a 200 day simple moving average of $35.31. The company has a market capitalization of $128.96 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.68 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 posted 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 business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's revenue 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. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. 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 payout ratio is 32.43%.
Analysts Set New Price Targets
CMCSA has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Evercore ISI dropped their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Arete Research upgraded Comcast to a "hold" rating in a report on Tuesday, July 8th. Finally, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.10.
View Our Latest Stock Report on Comcast
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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