Meridian Wealth Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 79.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,232 shares of the cable giant's stock after selling 74,435 shares during the quarter. Meridian Wealth Advisors LLC's holdings in Comcast were worth $722,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. McIlrath & Eck LLC increased its holdings in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after buying an additional 288 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after buying an additional 291 shares in the last quarter. Five Oceans Advisors raised its holdings in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after buying an additional 298 shares during the period. Finally, Kovack Advisors Inc. lifted its stake in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Stock Performance
NASDAQ CMCSA traded up $0.13 on Thursday, reaching $37.50. The stock had a trading volume of 3,308,926 shares, compared to its average volume of 19,817,908. The stock has a market cap of $141.77 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The business's 50-day moving average price is $35.87 and its 200 day moving average price is $39.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of several recent research reports. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. UBS Group lowered their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.64.
View Our Latest Report on Comcast
About Comcast
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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