GTS Securities LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 62.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,683 shares of the cable giant's stock after selling 46,017 shares during the quarter. GTS Securities LLC's holdings in Comcast were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Norges Bank acquired a new position in Comcast in the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. acquired a new position in shares of Comcast during the fourth quarter worth about $743,681,000. Amundi lifted its position in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors boosted its stake in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CMCSA has been the topic of a number of research reports. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. BNP Paribas downgraded shares of 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. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.
Read Our Latest Research Report on Comcast
Comcast Stock Performance
CMCSA traded down $0.35 during midday trading on Thursday, reaching $34.28. The company's stock had a trading volume of 22,615,673 shares, compared to its average volume of 21,977,579. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a market cap of $127.99 billion, a P/E ratio of 8.26, a PEG ratio of 1.78 and a beta of 0.97. The company has a fifty day simple moving average of $34.74 and a 200 day simple moving average of $36.86. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Comcast's revenue was down .6% compared to the same quarter last year. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.85%. Comcast's dividend payout ratio is currently 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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