Capital Investment Advisors LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 2.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,641 shares of the cable giant’s stock after selling 844 shares during the quarter. Capital Investment Advisors LLC’s holdings in Comcast were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Comcast during the 4th quarter valued at approximately $2,507,025,000. Capital Research Global Investors increased its holdings in shares of Comcast by 8.8% during the 4th quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after purchasing an additional 12,642,202 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Comcast by 911.0% during the 4th quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock valued at $381,055,000 after purchasing an additional 6,822,276 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Comcast by 22.6% during the 3rd quarter. UBS Asset Management Americas Inc. Now owns 24,557,276 shares of the cable giant’s stock valued at $1,373,488,000 after purchasing an additional 4,523,041 shares in the last quarter. Finally, SRS Investment Management LLC increased its holdings in shares of Comcast by 162.9% during the 4th quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock valued at $361,753,000 after purchasing an additional 4,454,106 shares in the last quarter. 83.33% of the stock is owned by institutional investors.
Shares of Comcast stock opened at $39.57 on Friday. Comcast Co. has a one year low of $37.56 and a one year high of $61.80. The company has a market cap of $179.38 billion, a PE ratio of 12.76, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50-day simple moving average of $42.15 and a 200-day simple moving average of $46.17.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. On average, sell-side analysts predict that Comcast Co. will post 3.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, July 5th. Comcast’s dividend payout ratio (DPR) is presently 34.84%.
In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $44.50, for a total value of $397,340.50. Following the completion of the transaction, the chief accounting officer now owns 1,817 shares in the company, valued at $80,856.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company’s stock.
CMCSA has been the subject of several recent research reports. Benchmark cut their target price on shares of Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Morgan Stanley dropped their price target on shares of Comcast from $60.00 to $55.00 in a research note on Friday, April 29th. Rosenblatt Securities initiated coverage on shares of Comcast in a research note on Tuesday, April 19th. They issued a “neutral” rating and a $51.00 price target on the stock. Pivotal Research dropped their price target on shares of Comcast from $62.00 to $57.00 in a research note on Thursday, April 28th. Finally, Barclays dropped their price target on shares of Comcast from $56.00 to $48.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.38.
Comcast Profile (Get Rating)
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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