Kaufman Rossin Wealth LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,420 shares of the cable giant's stock, valued at approximately $421,000.
A number of other hedge funds have also modified their holdings of the business. Sculati Wealth Management LLC lifted its holdings in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of 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 acquiring an additional 300 shares during the period. Clearstead Trust LLC lifted its holdings in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock worth $227,000 after acquiring an additional 305 shares during the period. Moors & Cabot Inc. boosted its holdings in Comcast by 0.6% during the first quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant's stock valued at $1,999,000 after purchasing an additional 310 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its stake in shares of Comcast by 1.7% in 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 hedge funds and other institutional investors.
Comcast Price Performance
Shares of NASDAQ:CMCSA traded down $0.14 during trading on Monday, reaching $34.01. The stock had a trading volume of 16,775,370 shares, compared to its average volume of 24,235,111. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The business's 50-day moving average price is $34.21 and its 200 day moving average price is $34.77. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $125.57 billion, a PE ratio of 5.62, a P/E/G ratio of 2.05 and a beta of 0.92.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Comcast's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast's dividend payout ratio is currently 21.82%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on CMCSA shares. Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Arete Research upgraded Comcast to a "hold" rating in a research note on Tuesday, July 8th. Morgan Stanley lowered their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Finally, Rosenblatt Securities upped their price objective on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of "Hold" and a consensus target price of $40.73.
Get Our Latest Stock 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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