Aurora Private Wealth Inc. raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 449.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,007 shares of the cable giant's stock after buying an additional 41,728 shares during the quarter. Aurora Private Wealth Inc.'s holdings in Comcast were worth $1,882,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter valued at about $743,681,000. Mission Wealth Management LP raised its holdings in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after acquiring an additional 3,344 shares in the last quarter. Aviva PLC lifted its position in shares of Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after acquiring an additional 156,986 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Finally, Argentarii LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $769,000. 84.32% of the stock is owned by institutional investors.
Comcast Price Performance
CMCSA traded up $0.11 during trading on Friday, hitting $35.32. The company's stock had a trading volume of 26,938,364 shares, compared to its average volume of 22,032,244. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $131.87 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The firm's 50 day moving average price is $34.61 and its two-hundred day moving average price is $35.64. 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 released 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. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.
Analyst Upgrades and Downgrades
CMCSA has been the subject of several research reports. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.
Check Out Our Latest Stock Report on Comcast
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.
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