Commerzbank Aktiengesellschaft FI grew its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,386 shares of the cable giant's stock after acquiring an additional 38,164 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Comcast were worth $13,298,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of CMCSA. Sculati Wealth Management LLC lifted its position in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after purchasing an additional 285 shares during the last quarter. Beck Mack & Oliver LLC raised its position in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after buying an additional 300 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after acquiring an additional 300 shares during the last quarter. Cypress Wealth Services LLC grew its position in Comcast by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after acquiring an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. increased its stake in Comcast by 3.3% during the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock worth $373,000 after acquiring an additional 319 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CMCSA has been the subject of a number of recent analyst reports. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Finally, BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, eleven have given 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 an average rating of "Hold" and a consensus target price of $41.10.
Check Out Our Latest Analysis on CMCSA
Comcast Trading Down 0.5%
Shares of Comcast stock traded down $0.16 during trading hours on Friday, hitting $34.54. The company's stock had a trading volume of 14,787,636 shares, compared to its average volume of 21,914,967. The firm has a fifty day moving average of $35.00 and a 200-day moving average of $35.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $128.96 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.68 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.
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 firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 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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