Comcast Corporation $CMCSA Shares Bought by Choreo LLC

Choreo LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 210,479 shares of the cable giant’s stock after buying an additional 10,881 shares during the period. Choreo LLC’s holdings in Comcast were worth $7,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Prosperity Consulting Group LLC lifted its holdings in Comcast by 40.0% during the 1st quarter. Prosperity Consulting Group LLC now owns 12,021 shares of the cable giant’s stock worth $444,000 after buying an additional 3,432 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Comcast by 7.4% during the 1st quarter. Mackenzie Financial Corp now owns 905,052 shares of the cable giant’s stock worth $33,396,000 after buying an additional 62,461 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Comcast in the 1st quarter valued at approximately $52,000. Finally, FSA Advisors Inc. acquired a new position in shares of Comcast in the first quarter worth $251,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rosenblatt Securities decreased their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Morgan Stanley reduced their price target on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Stock Performance

Shares of CMCSA opened at $26.57 on Thursday. The stock has a 50 day moving average price of $29.13 and a 200 day moving average price of $32.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $96.82 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.92. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $43.45.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is currently 21.96%.

Comcast Company Profile

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.