Main Street Research LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,064 shares of the cable giant’s stock after selling 1,392 shares during the quarter. Main Street Research LLC’s holdings in Comcast were worth $1,084,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $104,000. Vigilant Capital Management LLC grew its holdings in shares of Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC grew its holdings in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast during the second quarter valued at approximately $107,000. Finally, Tower View Investment Management & Research LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $109,000. Hedge funds and other institutional investors own 83.59% of the company’s stock.
A number of research firms have recently commented on CMCSA. Pivotal Research reiterated a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Bank of America raised their target price on shares of Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. TD Securities raised their target price on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co raised their target price on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 target price on shares of Comcast and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $50.39.
Comcast Co. (CMCSA) opened at $36.43 on Wednesday. The firm has a market cap of $171,660.97, a price-to-earnings ratio of 17.94, a PEG ratio of 1.34 and a beta of 1.16. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. equities research analysts forecast that Comcast Co. will post 2.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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