Cetera Advisor Networks LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 620,126 shares of the cable giant’s stock after selling 4,854 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Comcast were worth $25,766,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Comcast in the 4th quarter worth about $1,798,173,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Comcast by 121,265.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after purchasing an additional 25,509,390 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Comcast by 90,788.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,660,069 shares of the cable giant’s stock valued at $318,276,000 after buying an additional 7,651,641 shares during the period. Morgan Stanley raised its holdings in Comcast by 15.2% in the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Comcast during the 2nd quarter worth approximately $360,204,000. 82.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on CMCSA shares. Citigroup lifted their target price on Comcast from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. KeyCorp upped their target price on Comcast from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Wells Fargo & Company boosted their price target on shares of Comcast from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Credit Suisse Group increased their price objective on shares of Comcast from $50.00 to $54.00 in a research report on Thursday, July 27th. Finally, Oppenheimer upped their price target on shares of Comcast from $48.00 to $55.00 in a research report on Friday, July 28th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.43.
Comcast Price Performance
Comcast stock opened at $42.53 on Thursday. The stock has a market cap of $171.19 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.03 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average price is $43.53 and its two-hundred day moving average price is $42.86. Comcast Co. has a 52 week low of $33.21 and a 52 week high of $47.46.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $1.08 EPS for the quarter, topping the consensus estimate of $0.94 by $0.14. The company had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $29.69 billion. Comcast had a net margin of 12.54% and a return on equity of 19.97%. Comcast’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. On average, equities analysts predict that Comcast Co. will post 3.92 earnings per share for the current year.
Comcast Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is 32.13%.
Comcast Company Profile
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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