Eagle Asset Management Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,156,524 shares of the cable giant’s stock after selling 1,941 shares during the period. Eagle Asset Management Inc.’s holdings in Comcast were worth $109,098,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Viking Global Investors LP acquired a new position in shares of Comcast during the third quarter worth $569,179,000. Capital Research Global Investors increased its holdings in shares of Comcast by 5.7% during the third quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock worth $8,025,044,000 after buying an additional 7,794,333 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Comcast by 22.6% during the third quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock worth $1,373,488,000 after buying an additional 4,523,041 shares in the last quarter. Morgan Stanley increased its holdings in shares of Comcast by 10.9% during the second quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock worth $2,329,271,000 after buying an additional 3,998,777 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Comcast by 17.8% during the fourth quarter. Nordea Investment Management AB now owns 20,962,324 shares of the cable giant’s stock worth $1,061,112,000 after buying an additional 3,162,019 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.
A number of analysts recently weighed in on CMCSA shares. Morgan Stanley decreased their price objective on Comcast from $60.00 to $55.00 in a report on Friday, April 29th. Pivotal Research decreased their price objective on Comcast from $62.00 to $57.00 in a report on Thursday, April 28th. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $67.00 to $50.00 in a report on Friday, April 29th. Rosenblatt Securities started coverage on Comcast in a report on Tuesday, April 19th. They issued a “neutral” rating and a $51.00 price objective for the company. Finally, Truist Financial downgraded Comcast from a “buy” rating to a “hold” rating and decreased their price objective for the company from $70.00 to $50.00 in a report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Buy” and a consensus target price of $59.46.
Shares of CMCSA traded down $0.11 on Thursday, reaching $42.02. The company’s stock had a trading volume of 17,414,217 shares, compared to its average volume of 23,863,924. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. Comcast Co. has a twelve month low of $39.47 and a twelve month high of $61.80. The stock has a market capitalization of $190.49 billion, a PE ratio of 13.56, a PEG ratio of 0.89 and a beta of 0.97. The firm has a fifty day moving average of $45.07 and a 200-day moving average of $48.17.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $31.01 billion during the quarter, compared to analyst estimates of $30.40 billion. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. As a group, equities analysts anticipate that Comcast Co. will post 3.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.08 annualized dividend and a yield of 2.57%. Comcast’s dividend payout ratio (DPR) is 34.84%.
Comcast Company 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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