Harvest Fund Management Co. Ltd raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,248 shares of the cable giant's stock after purchasing an additional 13,603 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Comcast were worth $8,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the business. Inlight Wealth Management LLC bought a new stake in Comcast during the 1st quarter worth approximately $26,000. Abound Financial LLC bought a new stake in Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC increased its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates increased its holdings 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 buying an additional 600 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CMCSA has been the subject of a number of research reports. KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays dropped their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.77.
View Our Latest Stock Report on Comcast
Comcast Stock Down 2.1%
CMCSA stock traded down $0.71 during trading on Friday, hitting $32.52. 22,392,993 shares of the company's stock were exchanged, compared to its average volume of 24,528,980. The business has a 50-day moving average price of $34.84 and a two-hundred day moving average price of $35.14. The stock has a market capitalization of $121.42 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.58 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect 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, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. Comcast's payout ratio is presently 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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