OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 93.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 34,901 shares of the cable giant's stock after purchasing an additional 16,825 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Comcast were worth $1,288,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter worth approximately $26,000. Abound Financial LLC bought a new position in shares of Comcast in the 1st quarter worth $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings 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 worth $33,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on CMCSA. JPMorgan Chase & Co. dropped their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group decreased their target price on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI decreased their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.77.
Check Out Our Latest Research Report on CMCSA
Comcast Price Performance
Shares of Comcast stock opened at $32.52 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $121.42 billion, a PE ratio of 5.38, a P/E/G ratio of 1.58 and a beta of 0.92. The business has a 50 day moving average of $34.79 and a 200 day moving average of $35.10. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. As a group, equities research analysts forecast that Comcast Corporation 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, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is presently 32.43%.
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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