SummitTX Capital L.P. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 55.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 123,937 shares of the cable giant's stock after selling 156,056 shares during the period. SummitTX Capital L.P.'s holdings in Comcast were worth $3,558,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Imprint Wealth LLC purchased a new stake in shares of Comcast in the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC grew its holdings in Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock worth $27,000 after buying an additional 401 shares in the last quarter. Main Street Group LTD purchased a new stake in Comcast in the 1st quarter valued at $27,000. Finally, Richardson Financial Services Inc. raised its position in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock valued at $30,000 after buying an additional 691 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CMCSA. Rosenblatt Securities reaffirmed a "buy" rating and set a $31.00 price objective on shares of Comcast in a report on Friday. UBS Group restated a "neutral" rating on shares of Comcast in a report on Tuesday, June 23rd. Freedom Capital raised shares of Comcast to a "hold" rating in a research report on Friday, June 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of Comcast in a research report on Monday, July 6th. Finally, Royal Bank Of Canada set a $26.00 target price on Comcast and gave the stock a "sector perform" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.96.
Check Out Our Latest Report on Comcast
Comcast Price Performance
Shares of NASDAQ:CMCSA opened at $22.80 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $81.45 billion, a PE ratio of 7.38, a P/E/G ratio of 1.84 and a beta of 0.67. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $27.23.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. Equities analysts forecast that Comcast Corporation will post 3.47 EPS for the current year.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.8%. Comcast's dividend payout ratio (DPR) is currently 42.72%.
Comcast Profile
(
Free Report)
Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
