Parsons Capital Management Inc. RI decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 46.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,218 shares of the cable giant's stock after selling 54,703 shares during the quarter. Parsons Capital Management Inc. RI's holdings in Comcast were worth $2,296,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Comcast during the 4th quarter worth approximately $743,681,000. Bfsg LLC raised its holdings in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after buying an additional 3,344 shares during the last quarter. Aviva PLC increased its holdings in Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after acquiring an additional 156,986 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday, April 25th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Finally, KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $42.10.
View Our Latest Report on Comcast
Comcast Price Performance
CMCSA traded up $0.02 on Thursday, hitting $35.20. 3,393,393 shares of the company's stock were exchanged, compared to its average volume of 22,006,348. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $34.38 and a 200-day moving average price of $36.26. The stock has a market cap of $131.43 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. Comcast's dividend payout ratio (DPR) is 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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