Fort Sheridan Advisors LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,722 shares of the cable giant’s stock after acquiring an additional 285 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Comcast were worth $842,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CMCSA. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Comcast in the 3rd quarter valued at $26,000. AHL Investment Management Inc. acquired a new position in Comcast in the 4th quarter valued at $30,000. Sandy Cove Advisors LLC acquired a new position in Comcast in the 4th quarter valued at $31,000. Emerson Wealth LLC acquired a new position in shares of Comcast during the 4th quarter worth $37,000. Finally, Steward Financial Group LLC acquired a new position in shares of Comcast during the 4th quarter worth $38,000. 83.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday. TD Securities lowered their price target on shares of Comcast from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Oppenheimer lowered their price target on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 14th. Royal Bank of Canada upgraded shares of Comcast from a “sector perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Monday, January 24th. Finally, Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $50.00 in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Buy” and a consensus price target of $59.46.
Shares of NASDAQ CMCSA traded up $0.09 on Friday, reaching $41.48. 29,683,734 shares of the company traded hands, compared to its average volume of 28,019,254. Comcast Co. has a fifty-two week low of $39.47 and a fifty-two week high of $61.80. The company has a 50 day moving average of $45.28 and a 200 day moving average of $48.37. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $188.04 billion, a PE ratio of 13.38, a P/E/G ratio of 0.85 and a beta of 0.97.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 EPS 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 company had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 3.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s dividend payout ratio is currently 34.84%.
Comcast Company Profile (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.
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