Cordant Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,017 shares of the cable giant’s stock after purchasing an additional 186 shares during the period. Cordant Inc.’s holdings in Comcast were worth $217,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. United Bank lifted its stake in Comcast by 6.0% in the 3rd quarter. United Bank now owns 34,625 shares of the cable giant’s stock worth $1,602,000 after acquiring an additional 1,957 shares in the last quarter. Westover Capital Advisors LLC lifted its stake in Comcast by 1.0% in the 3rd quarter. Westover Capital Advisors LLC now owns 93,202 shares of the cable giant’s stock worth $4,312,000 after acquiring an additional 941 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Comcast by 14.3% in the 3rd quarter. IHT Wealth Management LLC now owns 24,005 shares of the cable giant’s stock worth $1,110,000 after acquiring an additional 2,996 shares in the last quarter. Chiron Capital Management LLC purchased a new stake in Comcast in the 3rd quarter worth about $81,000. Finally, Jeppson Wealth Management LLC purchased a new stake in Comcast in the 3rd quarter worth about $211,000. 82.56% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on CMCSA shares. Credit Suisse Group raised their price target on Comcast from $61.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 24th. Morgan Stanley raised their price target on Comcast from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 10th. Macquarie raised their price target on Comcast from $53.00 to $58.00 in a research note on Thursday, January 14th. Truist raised their price target on Comcast from $50.00 to $60.00 in a research note on Friday, January 29th. Finally, Barclays increased their price objective on Comcast from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.61.
Shares of Comcast stock traded up $0.42 during midday trading on Wednesday, hitting $54.58. 647,126 shares of the company were exchanged, compared to its average volume of 18,472,393. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $250.01 billion, a P/E ratio of 24.23, a PEG ratio of 1.69 and a beta of 0.99. Comcast Co. has a 52 week low of $34.17 and a 52 week high of $58.58. The firm has a 50 day simple moving average of $55.21 and a 200-day simple moving average of $50.73.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 28th. The cable giant reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The business had revenue of $27.71 billion during the quarter, compared to the consensus estimate of $26.79 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. Comcast’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. Equities research analysts expect that Comcast Co. will post 2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Wednesday, April 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 6th. This is an increase from Comcast’s previous quarterly dividend of $0.23. Comcast’s dividend payout ratio (DPR) is 31.95%.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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