Rogco LP increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3,673.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,171 shares of the cable giant's stock after purchasing an additional 14,769 shares during the period. Rogco LP's holdings in Comcast were worth $560,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast during the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new position in Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC increased its position in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays reduced their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group cut their price target on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.98.
Read Our Latest Stock Report on Comcast
Comcast Price Performance
CMCSA stock traded down $0.29 during trading on Friday, hitting $35.14. The company had a trading volume of 6,723,461 shares, compared to its average volume of 21,921,416. The company has a fifty day moving average price of $34.95 and a two-hundred day moving average price of $35.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market cap of $131.18 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.72 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 posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS 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 19.70% and a net margin of 12.72%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. Comcast's payout ratio is currently 32.43%.
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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