Nisa Investment Advisors LLC reduced its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 39.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,463,611 shares of the cable giant's stock after selling 954,203 shares during the period. Nisa Investment Advisors LLC's holdings in Comcast were worth $54,007,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new stake in Comcast during the 1st quarter worth $26,000. Abound Financial LLC bought a new stake in shares of Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC raised its position 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 worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates grew its position in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. New Street Research cut their price objective on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Evercore ISI reduced their target price on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Rothschild & Co Redburn dropped their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.98.
Read Our Latest Stock Analysis on CMCSA
Comcast Stock Performance
Shares of CMCSA traded down $0.43 during mid-day trading on Friday, reaching $34.99. The company's stock had a trading volume of 16,862,759 shares, compared to its average volume of 21,995,037. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $130.64 billion, a P/E ratio of 8.60, a PEG ratio of 1.69 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 business has a 50-day simple moving average of $34.96 and a two-hundred day simple moving average of $35.41.
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, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter last year, the firm posted $1.04 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. Comcast's payout ratio is currently 32.43%.
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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