Thrivent Financial for Lutherans reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,614,818 shares of the cable giant's stock after selling 200,177 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Comcast worth $98,427,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its position 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 buying an additional 282 shares during the last quarter. Dunhill Financial LLC raised its holdings in 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 purchasing an additional 288 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors raised its stake in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after buying an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in shares of Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after buying an additional 300 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley lowered their target price 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. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Citigroup lowered their price target on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Nine investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.83.
Read Our Latest Research Report on Comcast
Comcast Trading Up 0.7 %
CMCSA stock traded up $0.25 during midday trading on Friday, hitting $36.75. The stock had a trading volume of 54,562,009 shares, compared to its average volume of 19,809,472. The company's 50-day moving average price is $35.83 and its 200 day moving average price is $39.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $138.95 billion, a PE ratio of 8.86, 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.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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 predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is presently 31.81%.
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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