B.O.S.S. Retirement Advisors LLC lifted its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,364 shares of the cable giant’s stock after purchasing an additional 6,402 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Comcast were worth $2,134,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CMCSA. FMR LLC lifted its position in Comcast by 5.1% during the 1st quarter. FMR LLC now owns 117,764,529 shares of the cable giant’s stock worth $4,464,453,000 after acquiring an additional 5,767,151 shares during the period. Morgan Stanley lifted its position in Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after acquiring an additional 7,084,451 shares during the period. Norges Bank purchased a new position in shares of Comcast during the 4th quarter worth approximately $1,798,173,000. Bank of New York Mellon Corp raised its stake in shares of Comcast by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock worth $1,245,022,000 after buying an additional 189,845 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Comcast by 1.1% during the 1st quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock worth $1,987,094,000 after buying an additional 473,150 shares in the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on CMCSA. Credit Suisse Group increased their target price on Comcast from $50.00 to $54.00 in a research note on Thursday, July 27th. Barclays raised their price objective on Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 31st. KeyCorp raised their price objective on Comcast from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Wolfe Research raised Comcast from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Finally, Argus raised their price objective on Comcast from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.88.
Comcast Stock Down 1.4 %
Shares of NASDAQ CMCSA traded down $0.63 during midday trading on Friday, reaching $45.34. 45,437,408 shares of the company’s stock were exchanged, compared to its average volume of 18,846,537. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $47.46. The stock has a market capitalization of $187.03 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average price is $44.76 and its two-hundred day moving average price is $40.94.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. The business had revenue of $30.51 billion for the quarter, compared to analyst estimates of $30.11 billion. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. Analysts forecast that Comcast Co. will post 3.81 EPS for the current year.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend 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.
- Five stocks we like better than Comcast
- Financial Services Stocks Investing
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- 3 Healthcare Dividend Stocks to Buy
- MarketBeat Week in Review – 9/11 – 9/15
- How to Build Wealth with the Dividend Aristocrat Index
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.