GM Advisory Group LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 10.8% in the course of the 2nd quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 10,395 shares of the cable large’s inventory after promoting 1,256 shares in the course of the interval. GM Advisory Group LLC’s holdings in Comcast have been price $407,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Different institutional traders have additionally added to or decreased their stakes within the firm. Steph & Co. elevated its place in Comcast by 154.6% in the course of the 1st quarter. Steph & Co. now owns 611 shares of the cable large’s inventory valued at $26,000 after buying a further 371 shares in the course of the interval. Strategic Monetary Ideas LLC bought a brand new place in shares of Comcast within the 2nd quarter price roughly $27,000. OLD Level Belief & Monetary Providers N A bought a brand new place in shares of Comcast within the 4th quarter price roughly $28,000. IAG Wealth Companions LLC grew its place in shares of Comcast by 204.7% within the 2nd quarter. IAG Wealth Companions LLC now owns 777 shares of the cable large’s inventory price $30,000 after shopping for a further 522 shares over the last quarter. Lastly, Pineridge Advisors LLC bought a brand new place in shares of Comcast within the 4th quarter price roughly $32,000. Hedge funds and different institutional traders personal 84.32% of the corporate’s inventory.
Comcast Inventory Efficiency
Shares of NASDAQ CMCSA opened at $40.27 on Friday. The corporate has a present ratio of 0.66, a fast ratio of 0.66 and a debt-to-equity ratio of 1.16. The corporate has a 50 day easy shifting common of $39.53 and a two-hundred day easy shifting common of $39.68. Comcast Co. has a 12 month low of $36.43 and a 12 month excessive of $47.11. The inventory has a market cap of $158.00 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.03 and a beta of 1.01.
Comcast (NASDAQ:CMCSA – Get Free Report) final posted 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. Comcast had a internet margin of 12.46% and a return on fairness of 20.17%. The agency had income of $29.69 billion in the course of the quarter, in comparison with analysts’ expectations of $30.02 billion. Throughout the identical interval within the earlier yr, the enterprise posted $1.13 EPS. The enterprise’s income was down 2.7% in comparison with the identical quarter final yr. As a gaggle, analysts predict that Comcast Co. will publish 4.23 earnings per share for the present yr.
Comcast Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, October twenty third. Buyers of report on Wednesday, October 2nd will likely be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of three.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is at the moment 32.80%.
Wall Road Analysts Forecast Progress
A lot of analysis analysts have just lately issued stories on CMCSA shares. Macquarie reaffirmed a “impartial” score and issued a $40.00 worth goal on shares of Comcast in a analysis report on Wednesday, July twenty fourth. Barclays reduce their worth goal on shares of Comcast from $41.00 to $40.00 and set an “equal weight” score on the inventory in a analysis report on Thursday, July twenty fifth. BNP Paribas downgraded shares of Comcast from a “impartial” score to an “underperform” score and set a $34.00 goal worth on the inventory. in a analysis report on Tuesday, June eleventh. Pivotal Analysis dropped their goal worth on shares of Comcast from $48.00 to $47.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, July twenty fourth. Lastly, Evercore ISI dropped their goal worth on shares of Comcast from $50.00 to $48.00 and set an “outperform” score on the inventory in a analysis report on Tuesday, July 2nd. One equities analysis analyst has rated the inventory with a promote score, 9 have assigned a maintain score and 9 have issued a purchase score to the corporate’s inventory. In keeping with MarketBeat.com, Comcast presently has a median score of “Maintain” and a median goal worth of $45.78.
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Comcast Profile
Comcast Company operates as a media and know-how firm worldwide. It operates by means of Residential Connectivity & Platforms, Enterprise Providers Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms section gives residential broadband and wi-fi connectivity companies, residential and enterprise video companies, sky-branded leisure tv networks, and promoting.
See Additionally
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