Sky Investment Group LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,548 shares of the cable giant's stock after selling 12,825 shares during the period. Sky Investment Group LLC's holdings in Comcast were worth $1,976,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BTS Asset Management Inc. grew its stake in Comcast by 68.8% in the first quarter. BTS Asset Management Inc. now owns 10,085 shares of the cable giant's stock valued at $372,000 after acquiring an additional 4,112 shares during the period. Davis Investment Partners LLC grew its position in shares of Comcast by 29.4% in the 1st quarter. Davis Investment Partners LLC now owns 37,692 shares of the cable giant's stock valued at $1,287,000 after purchasing an additional 8,569 shares during the period. Net Worth Advisory Group grew its position in shares of Comcast by 29.1% in the 1st quarter. Net Worth Advisory Group now owns 17,917 shares of the cable giant's stock valued at $661,000 after purchasing an additional 4,038 shares during the period. apricus wealth LLC bought a new stake in Comcast during the 1st quarter worth approximately $1,825,000. Finally, Simon Quick Advisors LLC raised its holdings in Comcast by 41.7% during the 1st quarter. Simon Quick Advisors LLC now owns 29,182 shares of the cable giant's stock worth $1,077,000 after buying an additional 8,582 shares during the period. Institutional investors own 84.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CMCSA shares. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley set a $37.00 price target on shares of Comcast in a report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup decreased 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.
Check Out Our Latest Stock Report on Comcast
Comcast Stock Performance
NASDAQ CMCSA traded down $0.26 during trading on Friday, reaching $35.01. 17,189,721 shares of the company's stock were exchanged, compared to its average volume of 22,054,943. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day moving average price of $34.42 and a 200-day moving average price of $36.20. The stock has a market capitalization of $130.72 billion, a P/E ratio of 8.44, a PEG ratio of 1.78 and a beta of 0.95. Comcast Co. 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 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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the firm earned $1.04 EPS. The firm's revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. 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. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.
Comcast Profile
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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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