Hennessy Advisors Inc. raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 31.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,600 shares of the cable giant's stock after purchasing an additional 35,500 shares during the quarter. Hennessy Advisors Inc.'s holdings in Comcast were worth $5,520,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at $3,835,226,000. Geode Capital Management LLC raised its stake in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the period. Dodge & Cox raised its stake in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on CMCSA. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a report on Friday, April 25th. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. Finally, Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.
Get Our Latest Research Report on Comcast
Comcast Trading Down 0.7%
CMCSA traded down $0.26 during midday trading on Friday, reaching $35.01. 17,189,721 shares of the company's stock traded hands, compared to its average volume of 22,092,584. The firm has a fifty day moving average of $34.46 and a two-hundred day moving average of $36.11. The stock has a market capitalization of $130.72 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 52 week low of $31.44 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The business's revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.
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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