Douglas Lane & Associates LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,614 shares of the cable giant’s stock after selling 63,179 shares during the period. Douglas Lane & Associates LLC’s holdings in Comcast were worth $13,698,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. QUANTRES ASSET MANAGEMENT Ltd bought a new position in Comcast during the fourth quarter valued at approximately $977,000. Burke & Herbert Bank & Trust Co. lifted its stake in shares of Comcast by 24.3% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 18,595 shares of the cable giant’s stock valued at $633,000 after purchasing an additional 3,637 shares during the last quarter. Gofen & Glossberg LLC IL lifted its stake in shares of Comcast by 0.9% in the 4th quarter. Gofen & Glossberg LLC IL now owns 1,291,527 shares of the cable giant’s stock valued at $43,977,000 after purchasing an additional 11,348 shares during the last quarter. Founders Capital Management LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $325,000. Finally, Stock Yards Bank & Trust Co. lifted its stake in shares of Comcast by 18.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,798 shares of the cable giant’s stock valued at $470,000 after purchasing an additional 2,177 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TD Securities raised their price objective on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. KeyCorp raised their price objective on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Barclays raised their price objective on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Morgan Stanley raised their price objective on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.65.
Shares of NASDAQ CMCSA opened at $42.49 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a fifty-two week low of $30.67 and a fifty-two week high of $43.96. The company has a market capitalization of $196.37 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts anticipate that Comcast Co. will post 2.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.98%. Comcast’s payout ratio is currently 32.94%.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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