Illinois Municipal Retirement Fund cut its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,891 shares of the cable giant's stock after selling 77,409 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Comcast were worth $19,627,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Transcend Capital Advisors LLC boosted its position in shares of Comcast by 21.7% in the first quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock valued at $2,834,000 after acquiring an additional 13,678 shares during the period. Diversified Trust Co raised its stake in Comcast by 10.3% during the 1st quarter. Diversified Trust Co now owns 246,671 shares of the cable giant's stock valued at $9,102,000 after purchasing an additional 23,104 shares during the last quarter. Falcon Wealth Planning boosted its holdings in Comcast by 16.0% in the 1st quarter. Falcon Wealth Planning now owns 7,854 shares of the cable giant's stock valued at $290,000 after purchasing an additional 1,082 shares during the period. Total Wealth Planning & Management Inc. grew its position in Comcast by 85.6% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 39,712 shares of the cable giant's stock worth $1,465,000 after purchasing an additional 18,320 shares during the last quarter. Finally, Balefire LLC increased its holdings in shares of Comcast by 7.6% during the 1st quarter. Balefire LLC now owns 22,728 shares of the cable giant's stock worth $839,000 after purchasing an additional 1,606 shares during the period. Institutional investors own 84.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CMCSA shares. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
Get Our Latest Report on CMCSA
Comcast Price Performance
Shares of CMCSA traded up $0.11 on Friday, hitting $35.32. The company's stock had a trading volume of 26,938,364 shares, compared to its average volume of 21,996,547. The company has a market capitalization of $131.87 billion, a PE ratio of 8.68, a PEG ratio of 1.68 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a 50 day moving average price of $34.58 and a 200 day moving average price of $35.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick 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, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share 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 issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.
Comcast Company Profile
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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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