Dividend Assets Capital LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 38,014 shares of the cable giant’s stock after selling 1,204 shares during the quarter. Dividend Assets Capital LLC’s holdings in Comcast were worth $2,057,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Comcast by 7.4% during the 4th quarter. FMR LLC now owns 89,403,545 shares of the cable giant’s stock valued at $4,684,747,000 after purchasing an additional 6,132,846 shares during the period. Norges Bank bought a new position in shares of Comcast during the 4th quarter valued at approximately $2,713,360,000. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,738,347 shares of the cable giant’s stock valued at $2,501,489,000 after acquiring an additional 173,132 shares during the period. Morgan Stanley lifted its holdings in Comcast by 7.0% in the 4th quarter. Morgan Stanley now owns 37,933,210 shares of the cable giant’s stock worth $1,987,699,000 after purchasing an additional 2,487,384 shares in the last quarter. Finally, Parnassus Investments CA lifted its holdings in Comcast by 1.0% in the 4th quarter. Parnassus Investments CA now owns 21,650,352 shares of the cable giant’s stock worth $1,134,478,000 after purchasing an additional 214,483 shares in the last quarter. Institutional investors own 82.56% of the company’s stock.
Shares of CMCSA traded up $0.14 during trading hours on Tuesday, hitting $56.71. The stock had a trading volume of 220,213 shares, compared to its average volume of 18,147,564. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $259.77 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.69 and a beta of 0.99. The company’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $51.36. Comcast Co. has a 12-month low of $34.17 and a 12-month high of $58.58.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion for the quarter, compared to analyst estimates of $26.83 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. As a group, sell-side analysts predict that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
Several analysts have recently issued reports on CMCSA shares. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday. Raymond James upped their price objective on Comcast from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI upped their price objective on Comcast from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday. Pivotal Research upped their price objective on Comcast from $65.00 to $70.00 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.75.
In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the firm’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.14% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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