Principal Financial Group Inc. cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,933,816 shares of the cable giant's stock after selling 65,377 shares during the quarter. Principal Financial Group Inc. owned 0.18% of Comcast worth $255,858,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Capital World Investors boosted its stake in Comcast by 8.6% in the fourth 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 during the last quarter. Norges Bank purchased a new position in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC raised its stake in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox lifted its position in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 buying an additional 5,402,377 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Trading Up 0.3%
Shares of CMCSA traded up $0.10 during trading hours on Friday, reaching $35.93. 10,160,934 shares of the company traded hands, compared to its average volume of 22,020,615. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $134.13 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.95. The company's fifty day moving average price is $34.77 and its two-hundred day moving average price is $35.54. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast's revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 dividend on an annualized basis and a yield of 3.67%. Comcast's dividend payout ratio is currently 32.43%.
Analyst Upgrades and Downgrades
CMCSA has been the subject of several research analyst reports. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research note on Thursday, April 10th. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Barclays reduced their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Citigroup lowered their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.96.
View Our Latest Analysis 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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