Hedeker Wealth LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,126 shares of the cable giant’s stock after acquiring an additional 2,324 shares during the period. Hedeker Wealth LLC’s holdings in Comcast were worth $4,687,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CMCSA. Tudor Investment Corp Et Al grew its position in Comcast by 1.3% during the 3rd quarter. Tudor Investment Corp Et Al now owns 104,726 shares of the cable giant’s stock worth $5,857,000 after acquiring an additional 1,356 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $46,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $26,000. Cetera Advisors LLC lifted its stake in shares of Comcast by 34.3% in the 3rd quarter. Cetera Advisors LLC now owns 116,685 shares of the cable giant’s stock valued at $6,526,000 after purchasing an additional 29,792 shares during the period. Finally, Headinvest LLC lifted its stake in shares of Comcast by 11.5% in the 3rd quarter. Headinvest LLC now owns 5,823 shares of the cable giant’s stock valued at $326,000 after purchasing an additional 600 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $62.00 to $60.00 in a research note on Friday, April 29th. JPMorgan Chase & Co. cut their price target on Comcast from $60.00 to $52.00 in a report on Friday, April 29th. Truist Financial lowered Comcast from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $50.00 in a research note on Tuesday, March 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 10th. Finally, Oppenheimer decreased their price objective on Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $58.38.
Shares of NASDAQ CMCSA traded down $0.03 during trading hours on Thursday, hitting $38.87. 404,381 shares of the stock were exchanged, compared to its average volume of 21,907,338. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day moving average is $42.48 and its 200 day moving average is $46.34. The firm has a market capitalization of $176.21 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.80 and a beta of 0.96. Comcast Co. has a one year low of $37.56 and a one year high of $61.80.
Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The firm had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s dividend payout ratio (DPR) is currently 34.84%.
About Comcast (Get Rating)
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
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