Brighton Jones LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 92,664 shares of the cable giant’s stock after buying an additional 2,177 shares during the quarter. Comcast comprises about 0.4% of Brighton Jones LLC’s holdings, making the stock its 28th biggest position. Brighton Jones LLC’s holdings in Comcast were worth $3,705,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of CMCSA. Clean Yield Group acquired a new stake in Comcast in the 1st quarter valued at about $25,000. Acima Private Wealth LLC acquired a new stake in Comcast in the 4th quarter valued at about $25,000. Litman Gregory Asset Management LLC acquired a new stake in Comcast in the 4th quarter valued at about $30,000. Nalls Sherbakoff Group LLC acquired a new stake in Comcast in the 4th quarter valued at about $46,000. Finally, Truvestments Capital LLC acquired a new stake in Comcast in the 1st quarter valued at about $58,000. 81.61% of the stock is owned by institutional investors and hedge funds.
CMCSA has been the subject of a number of research analyst reports. TD Securities upped their price target on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a report on Monday, April 29th. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Nomura upped their price objective 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, Raymond James upped their price objective on shares of Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.65.
CMCSA stock opened at $43.30 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a one year low of $30.67 and a one year high of $43.96. The stock has a market cap of $200.64 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.19 and a beta of 1.13.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Sell-side analysts predict that Comcast Co. will post 2.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a $0.21 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. Comcast’s dividend payout ratio is 32.94%.
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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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