Sendero Wealth Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 28.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 54,455 shares of the cable giant's stock after purchasing an additional 12,198 shares during the period. Sendero Wealth Management LLC's holdings in Comcast were worth $2,009,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in 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 in the last quarter. Chicago Capital LLC grew its position in Comcast by 3.2% in the fourth quarter. Chicago Capital LLC now owns 23,976 shares of the cable giant's stock valued at $900,000 after purchasing an additional 750 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in shares of Comcast by 11.4% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,442 shares of the cable giant's stock worth $354,000 after buying an additional 969 shares during the last quarter. Trust Point Inc. increased its position in shares of Comcast by 5.2% during the 4th quarter. Trust Point Inc. now owns 24,479 shares of the cable giant's stock worth $919,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Patron Partners LLC raised its stake in shares of Comcast by 14.7% during the 4th quarter. Patron Partners LLC now owns 10,857 shares of the cable giant's stock worth $407,000 after purchasing an additional 1,393 shares in the last quarter. 84.32% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on CMCSA. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Barclays lowered their target price 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. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.
Get Our Latest Stock Report on Comcast
Comcast Stock Down 0.6%
NASDAQ:CMCSA traded down $0.22 on Thursday, hitting $34.22. The stock had a trading volume of 18,842,245 shares, compared to its average volume of 22,029,303. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market cap of $127.77 billion, a PE ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The business's fifty day moving average is $34.48 and its 200 day moving average is $36.54. 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 announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.86%. Comcast's payout ratio is presently 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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