Capital Investment Advisors LLC reduced its stake in Comcast Co. (NASDAQ: CMCSA – Get Rating) by 2.2% in the first quarter, according to HoldingsChannel.com. The institutional investor owns 37,641 shares of the cable giant’s shares after selling 844 shares in the quarter. Capital Investment Advisors LLC owned Comcast $ 1,762,000 at the time of its last filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares in the business. Norges Bank bought a new position in Comcast shares in the 4th quarter worth approximately $ 2,507,025,000. Capital Research Global Investors increased its stake in Comcast by 8.8% in the 4th quarter. Capital Research Global Investors already owns 156,125,921 shares of the cable giant’s stock worth $ 7,857,828,000 after buying an additional 12,642,202 shares in the last quarter. Marshall Wace LLP increased its stake in Comcast by 911.0% in the 4th quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock worth $ 381,055,000 after buying an additional 6,822,276 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Comcast shares by 22.6% in the third quarter. UBS Asset Management Americas Inc. already owns 24,557,276 shares of the cable giant’s shares worth $ 1,373,488,000 after buying an additional 4,523,041 shares in the last quarter. Finally, SRS Investment Management LLC increased its stake in Comcast by 162.9% in the 4th quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock worth $ 361,753,000 after buying an additional 4,454,106 shares in the last quarter. 83.33% of the shares are owned by institutional investors.
Shares of Comcast 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 capitalization of $ 179.38 billion, a PE ratio of 12.76, a P / E / G ratio of 0.81 and a beta ratio of 0.96. The company has a debt to equity ratio of 1.02, a fast 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 released its quarterly earnings data on Thursday, April 28th. The cable giant reported earnings of $ 0.86 per share for the quarter, beating the consensus estimate of $ 0.80 by $ 0.06. The business had revenue of $ 31.01 billion in the quarter, compared to the consensus estimate of $ 30.40 billion. Comcast had a return on equity of 15.92% and a net profit of 11.96%. The company’s revenues increased by 14.0% compared to the same quarter last year. During the same period last year, the company earned $ 0.76 earnings per share. On average, sales analysts predict that Comcast Co. will report 3.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday (July 27th). The record shareholders on Wednesday, July 6, will receive a dividend of $ 0.27 per share. This represents a $ 1.08 annual dividend and a dividend yield of 2.73%. The date of the former dividend is Tuesday, July 5. Comcast’s dividend payout ratio (DPR) is currently 34.84%.
In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of shares in a deal on Friday, May 27th. The shares were sold at an average price of $ 44.50, for a total value of $ 397,340.50. Following the transaction, the chief accountant now owns 1,817 shares in the company worth $ 80,856.50. The transaction is disclosed in a document submitted to the Securities and Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company’s shares.
CMCSA has been the subject of several recent research reports. Benchmark lowered its target price for Comcast shares from $ 65.00 to $ 60.00 and set a rating to buy the company in a report on Thursday, June 2. Morgan Stanley lowered its target price for Comcast shares from $ 60.00 to $ 55.00 in a research note on Friday, April 29. Rosenblatt Securities began covering Comcast shares in a research note on Tuesday, April 19th. They issued a “neutral” rating and a target price of $ 51.00 per share. Pivotal Research lowered its target price for Comcast shares from $ 62.00 to $ 57.00 in a research note on Thursday, April 28. Finally, Barclays lowered its target for Comcast stock prices from $ 56.00 to $ 48.00 in a research note on Friday, April 29. One analyst rated the stock with a sell rating, eight gave a hold rating, fourteen gave a buy rating and one gave a strong stock buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buying” and a consensus target price of $ 58.38.
Comcast profile (Get a rating)
Comcast Corporation operates as a media and technology company worldwide. It works through cable communications, media, studios, theme parks and celestial segments. The cable communications segment offers broadband, video, voice, wireless and other services for private and business customers under the Xfinity brand; and advertising services.
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