United Asset Methods Inc. decreased its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 76.5% throughout the 2nd quarter, in line with its most up-to-date disclosure with the SEC. The agency owned 13,973 shares of the cable large’s inventory after promoting 45,547 shares throughout the interval. United Asset Methods Inc.’s holdings in Comcast had been price $547,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally just lately purchased and bought shares of the enterprise. Gilbert & Prepare dinner Inc. grew its place in Comcast by 10.3% within the fourth quarter. Gilbert & Prepare dinner Inc. now owns 15,613 shares of the cable large’s inventory valued at $685,000 after buying a further 1,459 shares within the final quarter. Fisher Asset Administration LLC grew its place in Comcast by 5.3% within the fourth quarter. Fisher Asset Administration LLC now owns 100,637 shares of the cable large’s inventory valued at $4,413,000 after buying a further 5,108 shares within the final quarter. TCG Advisory Providers LLC acquired a brand new stake in Comcast within the fourth quarter valued at roughly $224,000. Avidian Wealth Options LLC grew its place in Comcast by 6.6% within the fourth quarter. Avidian Wealth Options LLC now owns 13,361 shares of the cable large’s inventory valued at $586,000 after buying a further 823 shares within the final quarter. Lastly, Connecticut Wealth Administration LLC grew its place in Comcast by 26.4% within the fourth quarter. Connecticut Wealth Administration LLC now owns 5,857 shares of the cable large’s inventory valued at $257,000 after buying a further 1,223 shares within the final quarter. Hedge funds and different institutional buyers personal 84.32% of the corporate’s inventory.
Wall Road Analyst Weigh In
CMCSA has been the topic of a number of current analysis studies. Rosenblatt Securities reaffirmed a “impartial” score and issued a $45.00 worth goal on shares of Comcast in a analysis report on Wednesday, July twenty fourth. Deutsche Financial institution Aktiengesellschaft decreased their worth goal on shares of Comcast from $50.00 to $49.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, July twenty fourth. Pivotal Analysis decreased their worth goal on shares of Comcast from $48.00 to $47.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, July twenty fourth. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” score to a “maintain” score in a analysis report on Monday, June twenty fourth. Lastly, Evercore ISI decreased their worth goal on shares of Comcast from $50.00 to $48.00 and set an “outperform” score for the corporate in a analysis report on Tuesday, July 2nd. One analysis analyst has rated the inventory with a promote score, 9 have issued a maintain score and 9 have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat, the corporate has a consensus score of “Maintain” and a mean worth goal of $45.78.
View Our Newest Analysis Report on CMCSA
Comcast Worth Efficiency
Shares of NASDAQ CMCSA opened at $39.57 on Tuesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week excessive of $47.30. The agency’s 50-day easy shifting common is $39.17 and its 200 day easy shifting common is $39.88. 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 inventory has a market cap of $155.26 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.05 and a beta of 1.00.
Comcast (NASDAQ:CMCSA – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, July twenty third. The cable large reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a internet margin of 12.46% and a return on fairness of 20.17%. The enterprise had income of $29.69 billion for the quarter, in comparison with analysts’ expectations of $30.02 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.13 earnings per share. The corporate’s income was down 2.7% on a year-over-year foundation. Equities analysts anticipate that Comcast Co. will put up 4.23 EPS for the present 12 months.
Comcast Broadcasts Dividend
The corporate additionally just lately introduced a quarterly dividend, which shall be paid on Wednesday, October twenty third. Traders of file on Wednesday, October 2nd shall be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized foundation and a yield of three.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is at present 32.80%.
About Comcast
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 offers residential broadband and wi-fi connectivity companies, residential and enterprise video companies, sky-branded leisure tv networks, and promoting.
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