Sumitomo Mitsui Trust Group Inc. Has $404.44 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,960,493 shares of the cable giant's stock after buying an additional 140,062 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.29% of Comcast worth $404,442,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Comcast during the fourth quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new stake in Comcast during the 1st quarter worth $26,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.3%

CMCSA opened at $35.32 on Friday. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $35.64. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $131.87 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 1.70 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's quarterly 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. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Scotiabank restated a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Company Profile

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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