Legacy Capital Group California Inc. bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,048 shares of the cable giant's stock, valued at approximately $297,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. FIL Ltd grew its stake in shares of Comcast by 5.4% in the 4th quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock worth $20,877,000 after buying an additional 28,527 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Comcast by 25.2% during the 4th quarter. Advisory Services Network LLC now owns 72,912 shares of the cable giant's stock valued at $2,736,000 after buying an additional 14,671 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Comcast by 31.4% in the 4th quarter. Bessemer Group Inc. now owns 2,520,213 shares of the cable giant's stock worth $94,584,000 after purchasing an additional 601,657 shares during the period. Finally, Phoenix Financial Ltd. grew its stake in shares of Comcast by 9.0% during the fourth quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant's stock valued at $1,706,000 after buying an additional 3,771 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Upgrades and Downgrades
CMCSA has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Oppenheimer decreased their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Arete Research upgraded shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Bernstein Bank cut their target price on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Finally, TD Cowen reduced their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.73.
Read Our Latest Stock Report on Comcast
Comcast Price Performance
NASDAQ CMCSA remained flat at $31.67 on Friday. The company's stock had a trading volume of 16,091,644 shares, compared to its average volume of 22,820,288. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company's 50-day moving average price is $34.55 and its two-hundred day moving average price is $34.96. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market capitalization of $116.93 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $29.81 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation 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, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast's dividend payout ratio (DPR) is 21.82%.
Comcast Company Profile
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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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