Perennial Advisors LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,232 shares of the cable giant's stock, valued at approximately $534,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors boosted its position in Comcast by 8.6% during 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 acquiring an additional 11,255,683 shares in the last quarter. Norges Bank bought a new stake in Comcast during the 4th quarter valued at approximately $3,835,226,000. Geode Capital Management LLC boosted its position in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox boosted its position in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 purchasing an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.
Comcast Stock Performance
Comcast stock traded down $0.32 during trading on Wednesday, reaching $34.63. The company had a trading volume of 19,742,752 shares, compared to its average volume of 21,975,049. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The firm's 50-day simple moving average is $34.78 and its 200 day simple moving average is $36.87. The firm has a market capitalization of $129.30 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth 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.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results 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 company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the firm earned $1.04 EPS. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The firm 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 dividend on an annualized basis and a yield of 3.81%. Comcast's payout ratio is presently 32.43%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group dropped their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Benchmark dropped their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.
Check Out Our Latest Stock Report on Comcast
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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