First Financial Bankshares Inc trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 795,922 shares of the cable giant's stock after selling 23,668 shares during the period. First Financial Bankshares Inc's holdings in Comcast were worth $29,871,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares during the last quarter. Dunhill Financial LLC lifted its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after purchasing an additional 288 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors lifted its stake in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have weighed in on CMCSA shares. Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Citigroup decreased their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Comcast has an average rating of "Moderate Buy" and an average target price of $43.83.
View Our Latest Report on CMCSA
Comcast Stock Up 0.7 %
Shares of CMCSA traded up $0.25 on Friday, hitting $36.75. 54,562,009 shares of the stock traded hands, compared to its average volume of 19,809,472. The company has a market capitalization of $138.95 billion, a PE ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50 day simple moving average of $35.83 and a 200 day simple moving average of $39.08. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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 forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.
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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