GF Fund Management CO. LTD. bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 723,425 shares of the cable giant's stock, valued at approximately $27,150,000.
Several other large investors have also modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the fourth quarter worth $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth $36,000. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Trading Down 1.6%
Comcast stock traded down $0.55 during trading hours on Thursday, reaching $34.08. 9,462,218 shares of the company's stock traded hands, compared to its average volume of 21,927,212. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market capitalization of $127.26 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.78 and a beta of 0.97. The firm's 50 day moving average is $34.74 and its 200-day moving average is $36.86.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. On average, analysts predict that Comcast Co. will post 4.33 earnings per share for the current 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 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 yield of 3.87%. Comcast's dividend payout ratio (DPR) is currently 32.43%.
Wall Street Analysts Forecast Growth
CMCSA has been the subject of several recent research reports. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Finally, Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.
Get Our Latest Analysis on Comcast
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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