Massmutual Trust Co. FSB ADV increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,841 shares of the cable giant’s stock after purchasing an additional 16,393 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Comcast were worth $4,489,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CMCSA. Acima Private Wealth LLC bought a new position in Comcast during the 4th quarter worth approximately $25,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $30,000. Ironwood Financial llc acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $32,000. IMS Capital Management acquired a new stake in shares of Comcast in the third quarter valued at approximately $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 81.22% of the company’s stock.
A number of analysts have recently issued reports on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 price objective on shares of Comcast in a report on Tuesday, January 22nd. TD Securities lifted their price objective on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Nomura raised their target price on shares of Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.65.
NASDAQ CMCSA traded up $0.23 during trading on Friday, hitting $43.15. 12,923,653 shares of the company’s stock were exchanged, compared to its average volume of 14,435,738. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $199.34 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.15 and a beta of 1.13. Comcast Co. has a fifty-two week low of $30.67 and a fifty-two week high of $43.96.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 2.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.
Comcast Company Profile
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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