Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Comcast Corporation (NASDAQ:CMCSA)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,392,950 shares of the cable giant's stock after purchasing an additional 185,246 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Comcast were worth $51,010,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the 1st quarter worth about $26,000. Retirement Wealth Solutions LLC boosted its stake in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of 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 acquiring an additional 600 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.3%

Shares of NASDAQ CMCSA opened at $35.32 on Friday. The company has a 50 day simple moving average of $34.61 and a 200-day simple moving average of $35.64. The company has a market capitalization of $131.87 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation 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 results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. On average, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current 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 annualized dividend and a yield of 3.74%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMCSA shares. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Finally, Morgan Stanley set a $37.00 price objective on Comcast in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

About Comcast

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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