Ballentine Companions LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 11.2% in the course of the 2nd quarter, based on its most up-to-date Type 13F submitting with the Securities and Trade Fee. The agency owned 47,454 shares of the cable large’s inventory after promoting 6,011 shares in the course of the interval. Ballentine Companions LLC’s holdings in Comcast have been value $1,858,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A variety of different hedge funds have additionally not too long ago added to or diminished their stakes within the firm. Steph & Co. raised its holdings in shares of Comcast by 154.6% within the first quarter. Steph & Co. now owns 611 shares of the cable large’s inventory valued at $26,000 after buying an extra 371 shares over the last quarter. Strategic Monetary Ideas LLC bought a brand new stake in Comcast within the 2nd quarter valued at about $27,000. OLD Level Belief & Monetary Providers N A purchased a brand new place in shares of Comcast in the course of the 4th quarter value roughly $28,000. IAG Wealth Companions LLC grew its holdings in shares of Comcast by 204.7% within the second quarter. IAG Wealth Companions LLC now owns 777 shares of the cable large’s inventory valued at $30,000 after buying an extra 522 shares within the final quarter. Lastly, Pineridge Advisors LLC bought a brand new stake in shares of Comcast in the course of the fourth quarter valued at roughly $32,000. Institutional traders and hedge funds personal 84.32% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
A number of analysis corporations have weighed in on CMCSA. Macquarie reissued a “impartial” score and issued a $40.00 value goal on shares of Comcast in a analysis report on Wednesday, July twenty fourth. KeyCorp diminished their value goal on shares of Comcast from $45.00 to $44.00 and set an “chubby” score for the corporate in a analysis report on Wednesday, July twenty fourth. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” score to a “maintain” score in a analysis report on Monday, June twenty fourth. The Goldman Sachs Group began protection on shares of Comcast in a analysis report on Tuesday, June twenty fifth. They set a “purchase” score and a $44.00 goal value for the corporate. Lastly, Deutsche Financial institution Aktiengesellschaft lowered their value goal on shares of Comcast from $50.00 to $49.00 and set a “purchase” score on the inventory in a report on Wednesday, July twenty fourth. One funding analyst has rated the inventory with a promote score, 9 have given a maintain score, eight have given a purchase score and one has issued a robust purchase score to the inventory. In keeping with MarketBeat.com, Comcast has a consensus score of “Maintain” and a consensus goal value of $45.78.
Verify Out Our Newest Inventory Report on Comcast
Comcast Inventory Efficiency
NASDAQ:CMCSA opened at $39.61 on Monday. The inventory has a market cap of $153.39 billion, a P/E ratio of 10.48, a PEG ratio of 1.05 and a beta of 1.01. The corporate has a fast ratio of 0.66, a present ratio of 0.66 and a debt-to-equity ratio of 1.16. The enterprise’s 50-day shifting common value is $39.24 and its two-hundred day shifting common value is $39.82. Comcast Co. has a twelve month low of $36.43 and a twelve month excessive of $47.11.
Comcast (NASDAQ:CMCSA – Get Free Report) final introduced its earnings outcomes on Tuesday, July twenty third. The cable large reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The enterprise had income of $29.69 billion in the course of the quarter, in comparison with analyst estimates of $30.02 billion. Comcast had a web margin of 12.46% and a return on fairness of 20.17%. Comcast’s income for the quarter was down 2.7% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise posted $1.13 earnings per share. As a gaggle, equities analysts predict that Comcast Co. will submit 4.23 EPS for the present fiscal yr.
Comcast Pronounces Dividend
The corporate additionally not too long ago declared a quarterly dividend, which might be paid on Wednesday, October twenty third. Shareholders of document on Wednesday, October 2nd might be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of three.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.
Comcast Firm Profile
Comcast Company operates as a media and expertise firm worldwide. It operates by means of Residential Connectivity & Platforms, Enterprise Providers Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms phase offers residential broadband and wi-fi connectivity companies, residential and enterprise video companies, sky-branded leisure tv networks, and promoting.
See Additionally
Obtain Information & Scores for Comcast Every day – Enter your e-mail tackle under to obtain a concise each day abstract of the newest information and analysts’ rankings for Comcast and associated firms with MarketBeat.com’s FREE each day e-mail e-newsletter.