Iams Wealth Management LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,465 shares of the cable giant's stock after acquiring an additional 7,950 shares during the quarter. Iams Wealth Management LLC's holdings in Comcast were worth $2,047,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Sculati Wealth Management LLC raised its stake in shares of Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares during the last quarter. Kovack Advisors Inc. increased its holdings in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC raised its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Lakeshore Capital Group Inc. lifted its holdings in Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock worth $373,000 after buying an additional 319 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in shares of Comcast by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after buying an additional 328 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Comcast Stock Performance
Shares of CMCSA stock traded up $0.44 during trading hours on Friday, reaching $34.66. The company had a trading volume of 7,877,790 shares, compared to its average volume of 25,840,701. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business has a fifty day moving average price of $34.43 and a 200-day moving average price of $36.48. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The firm has a market cap of $129.39 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. Sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is 32.43%.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Citigroup cut their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company cut 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 research report on Monday, April 14th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, UBS Group set a $44.50 price target on Comcast in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.
Read Our Latest Analysis 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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