Invesco LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 44.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 23,918 shares of the cable giant's stock after selling 19,382 shares during the period. Invesco LLC's holdings in Comcast were worth $883,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Sculati Wealth Management LLC boosted its holdings in shares of Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after buying an additional 285 shares during the period. Kovack Advisors Inc. lifted its position in shares of Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC boosted its stake in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares during the period. Toth Financial Advisory Corp grew its position in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares in the last quarter. Finally, Cypress Wealth Services LLC raised its stake in Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after purchasing an additional 318 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Stock Performance
Shares of NASDAQ:CMCSA traded up $0.62 during midday trading on Tuesday, hitting $35.21. The company's stock had a trading volume of 24,309,849 shares, compared to its average volume of 22,007,557. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $131.46 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.69 and a beta of 0.95. The stock's 50 day simple moving average is $34.51 and its 200 day simple moving average is $35.71.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the business posted $1.04 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.
Comcast Announces Dividend
The business also recently declared 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 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CMCSA. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Citigroup reduced 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. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.
View Our Latest Research Report on CMCSA
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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