Comcast Co. (NASDAQ:CMCSA) Position Increased by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,617 shares of the cable giant’s stock after acquiring an additional 7,980 shares during the period. Mutual Advisors LLC’s holdings in Comcast were worth $2,108,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors raised its stake in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast during the 4th quarter valued at $2,542,988,000. Harris Associates L P increased its position in shares of Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the period. LSV Asset Management increased its position in shares of Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after purchasing an additional 570,050 shares during the period. Finally, Raymond James & Associates increased its position in shares of Comcast by 2.8% during the 1st quarter. Raymond James & Associates now owns 15,100,752 shares of the cable giant’s stock valued at $654,617,000 after purchasing an additional 408,425 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

CMCSA opened at $37.51 on Wednesday. The stock has a market cap of $147.18 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.93 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average price of $38.52 and a 200 day moving average price of $41.05.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.53.

Read Our Latest Stock Report on Comcast

Comcast Company Profile

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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