QRG Capital Management Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 641,129 shares of the cable giant's stock after selling 49,353 shares during the quarter. QRG Capital Management Inc.'s holdings in Comcast were worth $23,658,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in shares of Comcast during the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter worth $27,000. Retirement Wealth Solutions LLC lifted its stake in shares of 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 acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Trading Up 0.3%
Shares of NASDAQ:CMCSA traded up $0.10 during trading on Monday, reaching $35.11. The stock had a trading volume of 18,321,255 shares, compared to its average volume of 22,077,489. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The business has a fifty day moving average price of $34.46 and a 200-day moving average price of $36.06. The stock has a market cap of $131.09 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.
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 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 19.98% and a net margin of 13.09%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. As a group, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The firm also recently declared 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. This represents a $1.32 annualized dividend and a yield of 3.76%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CMCSA shares. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. KeyCorp decreased their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.
Check Out Our Latest Stock Report on CMCSA
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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