Morningstar Investment Management LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,630 shares of the cable giant's stock after purchasing an additional 15,907 shares during the period. Comcast comprises about 0.6% of Morningstar Investment Management LLC's investment portfolio, making the stock its 24th biggest holding. Morningstar Investment Management LLC's holdings in Comcast were worth $6,813,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter worth about $26,000. Abound Financial LLC bought a new stake in shares of Comcast during the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.
Comcast Stock Down 1.8%
Shares of NASDAQ:CMCSA traded down $0.61 during trading on Friday, reaching $32.63. 12,910,508 shares of the company traded hands, compared to its average volume of 24,459,135. The firm has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $35.14. The firm has a market cap of $121.81 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued 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 12.72% and a return on equity of 19.70%. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the business posted $1.21 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's payout ratio is presently 32.43%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CMCSA. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a report on Friday, July 18th. Finally, Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.77.
View Our Latest Stock Report on CMCSA
Comcast Profile
(
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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