GF Fund Management CO. LTD. raised its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,435 shares of the cable giant's stock after purchasing an additional 13,010 shares during the period. GF Fund Management CO. LTD.'s holdings in Comcast were worth $27,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the 1st quarter worth approximately $26,000. Retirement Wealth Solutions LLC raised its stake in 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 acquired a new position in Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% in 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. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Trading Up 0.3%
NASDAQ:CMCSA traded up $0.10 during mid-day trading on Friday, reaching $35.93. The company's stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. The company's fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $35.52. 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 Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a market cap of $134.13 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.74 and a beta of 0.95.
Comcast (NASDAQ:CMCSA - Get Free Report) last released 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 the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.04 EPS. On average, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 dividend yield of 3.67%. Comcast's payout ratio is currently 32.43%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CMCSA shares. Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Rosenblatt Securities restated a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Evercore ISI lowered their price target on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. TD Cowen lowered their price target on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Bernstein Bank decreased their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.96.
Read Our Latest Stock Analysis on Comcast
Comcast Company 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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