Neuberger Berman Group LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 43.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,474,344 shares of the cable giant’s stock after acquiring an additional 1,060,724 shares during the period. Neuberger Berman Group LLC owned about 0.08% of Comcast worth $131,712,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Corrado Advisors LLC bought a new stake in Comcast during the 4th quarter valued at $25,000. Kalos Management Inc. purchased a new position in Comcast in the first quarter valued at about $28,000. NewSquare Capital LLC raised its holdings in Comcast by 134.3% in the first quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock worth $29,000 after purchasing an additional 431 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of Comcast in the 1st quarter valued at about $29,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $29,000. Institutional investors own 82.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CMCSA. Barclays increased their price target on Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 31st. Oppenheimer lifted their price target on Comcast from $48.00 to $55.00 in a research report on Friday, July 28th. Wells Fargo & Company increased their price objective on Comcast from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. KeyCorp lifted their target price on Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Finally, Morgan Stanley lifted their price objective on shares of Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.88.
Comcast Trading Up 0.3 %
CMCSA traded up $0.14 during trading hours on Thursday, reaching $45.07. The company’s stock had a trading volume of 5,790,476 shares, compared to its average volume of 18,582,004. The stock has a market cap of $185.92 billion, a PE ratio of 28.77, a P/E/G ratio of 1.24 and a beta of 0.99. Comcast Co. has a fifty-two week low of $28.39 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day moving average is $44.31 and its 200-day moving average is $40.66.
Comcast (NASDAQ:CMCSA – Get Free Report) last posted its earnings results on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The company had revenue of $30.51 billion for the quarter, compared to analysts’ expectations of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. Comcast’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 3.81 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, October 3rd. Comcast’s dividend payout ratio is currently 73.42%.
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, advertising sales, and Sky channels.
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