Perpetual Ltd lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 93.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,931 shares of the cable giant's stock after selling 1,286,131 shares during the quarter. Perpetual Ltd's holdings in Comcast were worth $3,208,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balefire LLC boosted its position in shares of Comcast by 7.6% in the first quarter. Balefire LLC now owns 22,728 shares of the cable giant's stock valued at $839,000 after acquiring an additional 1,606 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Comcast by 8.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 5,059 shares of the cable giant's stock valued at $187,000 after acquiring an additional 396 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Comcast by 10.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,324,485 shares of the cable giant's stock valued at $48,873,000 after purchasing an additional 127,961 shares in the last quarter. Value Partners Investments Inc. purchased a new stake in Comcast in the first quarter valued at approximately $3,744,000. Finally, Pure Financial Advisors LLC purchased a new stake in Comcast in the first quarter valued at approximately $284,000. Institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on CMCSA. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. Barclays lowered their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.10.
Read Our Latest Analysis on Comcast
Comcast Trading Up 0.3%
NASDAQ:CMCSA traded up $0.11 during trading hours on Friday, hitting $35.32. The company had a trading volume of 26,938,364 shares, compared to its average volume of 22,032,244. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market capitalization of $131.87 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day moving average price of $34.61 and a 200 day moving average price of $35.64.
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, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.
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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