Core Alternative Capital raised its stake in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 86.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 684 shares of the cable giant’s stock after acquiring an additional 318 shares during the period. Core Alternative Capital’s holdings in Comcast were worth $34,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CMCSA. Capital Research Global Investors raised its stake in shares of Comcast by 5.7% during the 3rd quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock worth $8,025,044,000 after purchasing an additional 7,794,333 shares during the period. Wellington Management Group LLP raised its stake in shares of Comcast by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 99,553,850 shares of the cable giant’s stock worth $5,568,047,000 after purchasing an additional 1,672,746 shares during the period. Geode Capital Management LLC raised its stake in shares of Comcast by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 76,964,610 shares of the cable giant’s stock worth $4,292,883,000 after purchasing an additional 1,946,861 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Comcast by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 45,683,521 shares of the cable giant’s stock worth $2,555,079,000 after purchasing an additional 1,428,356 shares during the period. Finally, Morgan Stanley raised its stake in shares of Comcast by 5.9% during the 3rd quarter. Morgan Stanley now owns 43,267,135 shares of the cable giant’s stock worth $2,419,932,000 after purchasing an additional 2,417,070 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.
A number of equities research analysts recently issued reports on the company. TD Securities lowered their price objective on Comcast from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Cowen boosted their price objective on Comcast from $60.00 to $64.00 in a research note on Friday, January 28th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. Oppenheimer lowered their price objective on Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 14th. Finally, Pivotal Research lowered their price objective on Comcast from $62.00 to $57.00 in a research note on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $59.46.
Shares of NASDAQ CMCSA traded up $0.01 during midday trading on Wednesday, hitting $42.85. 787,288 shares of the company’s stock were exchanged, compared to its average volume of 30,656,676. Comcast Co. has a 12-month low of $39.47 and a 12-month high of $61.80. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. The company has a market cap of $194.25 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.88 and a beta of 0.97. The business’s fifty day moving average price is $45.13 and its two-hundred day moving average price is $48.22.
Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company had revenue of $31.01 billion during the quarter, compared to analyst estimates of $30.40 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Comcast’s revenue was up 14.0% on a year-over-year basis. Equities analysts expect that Comcast Co. will post 3.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s payout ratio is currently 34.84%.
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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