Mitsubishi UFJ Trust & Banking Corp raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,934,038 shares of the cable giant's stock after acquiring an additional 247,621 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of Comcast worth $145,166,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Inlight Wealth Management LLC bought a new position in Comcast during the first quarter valued at approximately $26,000. Abound Financial LLC bought a new position in Comcast during the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC grew its position in 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 during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in 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 during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Bernstein Bank reduced their price target 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. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group decreased their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.77.
Get Our Latest Stock Analysis on CMCSA
Comcast Stock Down 2.1%
Shares of CMCSA stock traded down $0.71 during mid-day trading on Friday, hitting $32.52. The company's stock had a trading volume of 22,392,993 shares, compared to its average volume of 20,535,802. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The business has a 50-day moving average price of $34.79 and a 200 day moving average price of $35.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $121.42 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 1.57 and a beta of 0.92.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm 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 business earned $1.21 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio 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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