IFM Investors Pty Ltd Acquires 69,105 Shares of Comcast Corporation (NASDAQ:CMCSA)

IFM Investors Pty Ltd grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 837,993 shares of the cable giant's stock after purchasing an additional 69,105 shares during the period. IFM Investors Pty Ltd's holdings in Comcast were worth $30,922,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter valued at $26,000. Retirement Wealth Solutions LLC boosted its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates lifted its position in Comcast by 203.4% during 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 in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 0.3%

Shares of CMCSA stock traded up $0.10 on Friday, reaching $35.93. The company had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $134.13 billion, a PE ratio of 8.83, a PEG ratio of 1.74 and a beta of 0.95. The company has a 50-day moving average of $34.81 and a 200-day moving average of $35.52. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. On average, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 3.67%. Comcast's payout ratio is 32.43%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. TD Cowen reduced their price target on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI reduced their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $40.96.

Comcast Company Profile

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.