Kays Financial Advisory Corp ADV lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,114 shares of the cable giant’s stock after selling 500 shares during the period. Kays Financial Advisory Corp ADV’s holdings in Comcast were worth $216,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of CMCSA. FMR LLC increased its stake in Comcast by 3.9% during the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after purchasing an additional 4,854,006 shares during the last quarter. Geode Capital Management LLC increased its stake in Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after purchasing an additional 5,992,911 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Comcast by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after purchasing an additional 326,417 shares during the last quarter. Norges Bank bought a new stake in Comcast during the fourth quarter valued at $1,590,157,000. Finally, Boston Partners increased its stake in Comcast by 7.8% during the first quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock valued at $1,371,169,000 after purchasing an additional 2,472,741 shares during the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.
Several equities analysts have recently commented on CMCSA shares. ValuEngine lowered shares of Comcast from a “hold” rating to a “sell” rating in a research report on Thursday. TD Securities upped their price target on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Macquarie started coverage on shares of Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target for the company. Pivotal Research restated a “buy” rating and set a $54.00 price target on shares of Comcast in a research report on Wednesday, June 26th. Finally, Nomura upped their price target on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.27.
Shares of NASDAQ CMCSA opened at $42.65 on Friday. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm has a market cap of $195.93 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08. The firm has a 50-day simple moving average of $43.51.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 3.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, July 2nd. Comcast’s dividend payout ratio is presently 32.94%.
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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