Pure Financial Advisors LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,692 shares of the cable giant's stock, valued at approximately $284,000.
Several other hedge funds have also modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new position in Comcast in the 1st quarter worth approximately $26,000. Retirement Wealth Solutions LLC increased its holdings in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates increased its holdings in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Trading Up 0.3%
Shares of CMCSA stock opened at $35.32 on Friday. The stock's fifty day moving average is $34.61 and its two-hundred day moving average is $35.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $131.87 billion, a P/E ratio of 8.68, a PEG ratio of 1.70 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 3.74%. Comcast's payout ratio is currently 32.43%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a report on Monday, April 28th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays dropped their price objective 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. Finally, KeyCorp dropped their price objective 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.
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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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