NBC Securities Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 91,357.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,603 shares of the cable giant's stock after acquiring an additional 100,493 shares during the period. NBC Securities Inc.'s holdings in Comcast were worth $3,712,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CMCSA. Norges Bank acquired a new stake in Comcast during the 4th quarter worth about $3,835,226,000. Raymond James Financial Inc. purchased a new position in shares of Comcast during the 4th quarter valued at about $743,681,000. Amundi increased its stake in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors increased its stake in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Up 0.1%
Comcast stock traded up $0.03 during trading on Thursday, reaching $34.47. 6,313,695 shares of the company's stock were exchanged, compared to its average volume of 21,982,820. The company's 50-day moving average is $34.48 and its two-hundred day moving average is $36.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The firm has a market cap of $128.70 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.78 and a beta of 0.97.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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 company 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 firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS. On average, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.83%. Comcast's payout ratio is currently 32.43%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CMCSA shares. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Barclays cut their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.
Read Our Latest Stock Report on Comcast
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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