Goodman Advisory Group LLC grew its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 83,702.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,971 shares of the cable giant’s stock after purchasing an additional 232,693 shares during the period. Comcast comprises approximately 4.8% of Goodman Advisory Group LLC’s holdings, making the stock its 7th biggest holding. Goodman Advisory Group LLC’s holdings in Comcast were worth $8,832,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Comcast during the fourth quarter worth $1,798,173,000. Moneta Group Investment Advisors LLC grew its holdings in Comcast by 121,265.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after acquiring an additional 25,509,390 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Comcast by 71,575.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 12,705,989 shares of the cable giant’s stock valued at $444,328,000 after acquiring an additional 12,688,262 shares in the last quarter. Morgan Stanley lifted its position in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after purchasing an additional 7,084,451 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after purchasing an additional 5,880,050 shares during the last quarter. Institutional investors own 82.85% of the company’s stock.
Analyst Upgrades and Downgrades
CMCSA has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Comcast from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Oppenheimer upped their target price on shares of Comcast from $48.00 to $55.00 in a research note on Friday, July 28th. Barclays increased their price objective on Comcast from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 31st. Macquarie upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price objective on the stock in a report on Friday, July 28th. Finally, Credit Suisse Group increased their target price on shares of Comcast from $50.00 to $54.00 in a report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.88.
Comcast Trading Up 0.5 %
Shares of Comcast stock opened at $45.26 on Tuesday. The firm’s 50-day moving average price is $44.52 and its two-hundred day moving average price is $40.82. Comcast Co. has a 12-month low of $28.39 and a 12-month high of $47.46. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $186.70 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.99.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The business had revenue of $30.51 billion during the quarter, compared to the consensus estimate of $30.11 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 3.81 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast’s dividend payout ratio (DPR) is presently 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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