Bogart Wealth LLC decreased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 98.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,270 shares of the cable giant's stock after selling 250,159 shares during the quarter. Bogart Wealth LLC's holdings in Comcast were worth $121,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Capital World Investors boosted its position in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Norges Bank acquired a new position in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC boosted its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares during the last quarter. Dodge & Cox boosted its position in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on CMCSA shares. Moffett Nathanson boosted their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. TD Cowen reduced their price target on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Evercore ISI reduced their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast has a consensus rating of "Hold" and a consensus target price of $41.10.
Check Out Our Latest Analysis on CMCSA
Comcast Price Performance
Shares of CMCSA traded down $0.32 during trading hours on Wednesday, reaching $34.40. The company had a trading volume of 21,096,118 shares, compared to its average volume of 21,983,370. The firm has a 50 day simple moving average of $34.99 and a 200-day simple moving average of $35.37. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $128.44 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.68 and a beta of 0.95. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (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 the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current 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 issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.84%. Comcast's dividend payout ratio (DPR) is currently 32.43%.
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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