Peak Retirement Planning Inc. bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,150 shares of the cable giant's stock, valued at approximately $757,000.
Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Comcast during the 4th quarter worth $743,681,000. Bfsg LLC lifted its holdings in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after acquiring 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 valued at $1,633,000 after purchasing an additional 3,344 shares in the last quarter. Robinson Value Management Ltd. grew its holdings in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. increased its position in Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after purchasing an additional 24,827 shares in the last quarter. 84.32% of the stock is owned by institutional investors.
Comcast Stock Down 1.5%
Shares of CMCSA traded down $0.51 on Thursday, reaching $34.12. The company's stock had a trading volume of 10,181,092 shares, compared to its average volume of 21,930,256. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a market capitalization of $127.40 billion, a PE ratio of 8.22, a PEG ratio of 1.78 and a beta of 0.97. 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 fifty day moving average of $34.74 and a 200-day moving average of $36.86.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.87%. Comcast's dividend payout ratio is currently 32.43%.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two investment 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 company's stock. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.
View Our Latest Report on CMCSA
Comcast Company 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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