Plimoth Trust Co. LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 31.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 35,322 shares of the cable giant's stock after selling 16,023 shares during the period. Plimoth Trust Co. LLC's holdings in Comcast were worth $1,303,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CMCSA. Brighton Jones LLC grew its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Comcast by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 180,309 shares of the cable giant's stock worth $6,767,000 after acquiring an additional 9,390 shares during the period. Bank of Jackson Hole Trust bought a new position in shares of Comcast in the fourth quarter worth about $123,000. Atlas Legacy Advisors LLC bought a new position in shares of Comcast in the fourth quarter worth about $218,000. Finally, Convergence Investment Partners LLC boosted its stake in shares of Comcast by 16.5% in the fourth quarter. Convergence Investment Partners LLC now owns 34,482 shares of the cable giant's stock worth $1,294,000 after acquiring an additional 4,890 shares during the period. Institutional investors own 84.32% of the company's stock.
Comcast Trading Up 0.8%
Shares of NASDAQ:CMCSA traded up $0.27 during trading on Friday, hitting $34.53. The company had a trading volume of 42,690,031 shares, compared to its average volume of 22,079,855. 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 company has a fifty day simple moving average of $34.50 and a two-hundred day simple moving average of $35.86. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The stock has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion for 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 revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.
Comcast Announces Dividend
The firm also recently declared 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 of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. Comcast's payout ratio is 32.43%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on CMCSA shares. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Oppenheimer dropped their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Two equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
View 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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