Comcast Corporation (NASDAQ:CMCSA) Shares Purchased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Comcast by 46.5%, acquiring an additional 81,318 shares, and now holds a total of 256,009 shares valued at approximately $9.45 million.
• Comcast's stock shows a 52-week range between $31.44 and $45.31, with a current price of $35.37 and a market capitalization of $132.06 billion.
• The company reported $1.09 earnings per share for the last quarter, surpassing the consensus estimate, despite quarterly revenue declining by 0.6% year-over-year.

Knights of Columbus Asset Advisors LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 46.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,009 shares of the cable giant's stock after acquiring an additional 81,318 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Comcast were worth $9,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its stake in Comcast by 3.0% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 979,305 shares of the cable giant's stock worth $36,116,000 after acquiring an additional 28,863 shares in the last quarter. Phoenix Financial Ltd. raised its position in Comcast by 5.5% in the 1st quarter. Phoenix Financial Ltd. now owns 47,927 shares of the cable giant's stock valued at $1,774,000 after purchasing an additional 2,485 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in Comcast in the 1st quarter valued at about $1,169,000. Private Management Group Inc. raised its position in Comcast by 12.6% in the 1st quarter. Private Management Group Inc. now owns 963,932 shares of the cable giant's stock valued at $35,569,000 after purchasing an additional 108,145 shares in the last quarter. Finally, Caliber Wealth Management LLC KS acquired a new stake in Comcast in the 1st quarter valued at about $2,914,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA opened at $35.37 on Friday. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a market capitalization of $132.06 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The firm has a 50-day simple moving average of $35.04 and a 200-day simple moving average of $35.27. 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 earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid 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 3.73%. Comcast's dividend payout ratio (DPR) is 32.43%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Bernstein Bank lowered their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Rothschild & Co Redburn lowered their price objective on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Oppenheimer lowered their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.10.

About Comcast

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.