Pittenger & Anderson Inc. reduced its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 95.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,215 shares of the cable giant's stock after selling 25,192 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Comcast were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in CMCSA. Inlight Wealth Management LLC purchased a new position in Comcast in the first quarter valued at about $26,000. Abound Financial LLC purchased a new position in Comcast in the first quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Price Performance
NASDAQ CMCSA opened at $34.99 on Monday. The stock has a market capitalization of $130.64 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.69 and a beta of 0.95. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The business's fifty day moving average is $34.96 and its two-hundred day moving average is $35.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of a number of analyst reports. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group decreased their price target on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Rothschild & Co Redburn decreased their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.98.
Get Our Latest Stock Report on CMCSA
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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