SRB Corp trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,150 shares of the cable giant's stock after selling 1,002,697 shares during the period. Comcast comprises about 2.4% of SRB Corp's portfolio, making the stock its 17th largest position. SRB Corp's holdings in Comcast were worth $37,164,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor OS LLC grew its holdings in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after acquiring an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after buying an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Comcast in the 1st quarter valued at about $335,000. DAVENPORT & Co LLC boosted its holdings in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after buying an additional 1,261,278 shares in the last quarter. Finally, American Financial Group Inc. boosted its holdings in shares of Comcast by 29.0% in the 1st quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant's stock valued at $9,852,000 after buying an additional 60,000 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.
Comcast Stock Performance
CMCSA stock traded up $0.55 during trading on Friday, reaching $34.15. The company had a trading volume of 25,267,336 shares, compared to its average volume of 24,360,090. The firm has a 50-day simple moving average of $34.21 and a 200-day simple moving average of $34.77. The company has a market cap of $126.09 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is presently 21.82%.
Analyst Ratings Changes
A number of research firms have recently weighed in on CMCSA. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Rosenblatt Securities raised their price target on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Bernstein Bank lowered their price target on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Scotiabank raised their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. Finally, BNP Paribas Exane lowered their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.73.
Read Our Latest Stock Report on Comcast
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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