Horizon Financial Services LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2,482.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,493 shares of the cable giant's stock after buying an additional 121,594 shares during the quarter. Horizon Financial Services LLC's holdings in Comcast were worth $4,668,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Comcast during the 4th quarter worth $25,000. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the first quarter valued at $26,000. 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 valued at $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates raised its stake in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Performance
Shares of CMCSA stock traded down $0.50 on Wednesday, hitting $35.83. 24,141,771 shares of the stock traded hands, compared to its average volume of 21,985,482. The company's fifty day moving average is $34.69 and its 200 day moving average is $35.56. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a market capitalization of $133.78 billion, a PE ratio of 8.80, a PEG ratio of 1.73 and a beta of 0.95. 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 (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CMCSA. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Citigroup cut their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.
View Our Latest Report on CMCSA
Comcast 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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