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Choreo LLC Has $7.37 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Comcast logo with Consumer Discretionary background

Choreo LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,598 shares of the cable giant's stock after selling 18,056 shares during the period. Choreo LLC's holdings in Comcast were worth $7,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Inlight Wealth Management LLC bought a new position in shares of Comcast in the 1st quarter valued at about $26,000. Abound Financial LLC bought a new position in shares of Comcast in the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC boosted its stake in shares of 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 during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 4.8%

Shares of CMCSA stock traded down $1.69 during trading hours on Friday, hitting $33.68. 32,916,863 shares of the company's stock traded hands, compared to its average volume of 16,460,666. The stock's 50 day simple moving average is $35.01 and its 200 day simple moving average is $35.23. The stock has a market cap of $125.75 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Rosenblatt Securities lifted their price target on shares of Comcast from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Finally, Rothschild & Co Redburn cut their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.13.

Check Out Our Latest Analysis on CMCSA

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.

Further Reading

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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