Milestone Asset Management Group LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,916 shares of the cable giant's stock, valued at approximately $372,000.
Other hedge funds have also modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth approximately $28,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast during the fourth quarter valued at approximately $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Comcast in the fourth quarter valued at approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CMCSA has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research report on Thursday, April 10th. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Oppenheimer dropped their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average target price of $42.10.
Check Out Our Latest Stock Analysis on Comcast
Comcast Trading Up 0.9%
CMCSA traded up $0.30 during mid-day trading on Friday, hitting $34.58. 31,652,126 shares of the stock were exchanged, compared to its average volume of 22,004,942. The company has a market cap of $129.11 billion, a PE ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average is $34.64 and its two-hundred day moving average is $36.73. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. 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 3.82%. Comcast's dividend payout ratio (DPR) is presently 32.43%.
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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