PNC Financial Services Group Inc. reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,875,263 shares of the cable giant's stock after selling 143,244 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.15% of Comcast worth $220,499,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Banco Santander S.A. lifted its holdings in Comcast by 0.6% during the fourth quarter. Banco Santander S.A. now owns 636,625 shares of the cable giant's stock worth $23,893,000 after acquiring an additional 4,073 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Comcast by 143.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,846 shares of the cable giant's stock worth $76,000 after acquiring an additional 1,089 shares during the period. RKL Wealth Management LLC bought a new stake in Comcast during the fourth quarter worth $220,000. Aviance Capital Partners LLC lifted its holdings in Comcast by 7.1% during the fourth quarter. Aviance Capital Partners LLC now owns 68,856 shares of the cable giant's stock worth $2,584,000 after acquiring an additional 4,556 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Comcast by 3.6% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 66,265 shares of the cable giant's stock valued at $2,487,000 after buying an additional 2,329 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Comcast Price Performance
Comcast stock traded up $1.32 during midday trading on Friday, hitting $37.59. 43,320,229 shares of the company's stock were exchanged, compared to its average volume of 27,302,414. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a 50-day moving average price of $36.12 and a two-hundred day moving average price of $39.35. 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 company has a market cap of $142.13 billion, a P/E ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on CMCSA shares. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.83.
Check Out Our Latest Research Report on Comcast
Comcast Profile
(
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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