Waldron Private Wealth LLC Purchases 1,944 Shares of Comcast Co. (CMCSA)
Waldron Private Wealth LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 40,746 shares of the cable giant’s stock after buying an additional 1,944 shares during the quarter. Waldron Private Wealth LLC’s holdings in Comcast were worth $1,629,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Acima Private Wealth LLC acquired a new stake in Comcast in the 4th quarter valued at about $25,000. Clean Yield Group acquired a new stake in Comcast in the 1st 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, Clarfeld Financial Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at about $57,000. 80.70% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. 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. KeyCorp upped their price target on shares of Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Barclays upped their price target on shares of Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Morgan Stanley upped their price target on shares of Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Comcast has a consensus rating of “Buy” and an average price target of $44.54.
CMCSA stock traded down $0.06 during mid-day trading on Monday, reaching $40.94. 308,447 shares of the stock traded hands, compared to its average volume of 15,705,294. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a 52-week low of $30.67 and a 52-week high of $43.96. The firm has a market capitalization of $186.08 billion, a PE ratio of 16.08, a P/E/G ratio of 1.16 and a beta of 1.11.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, July 2nd. Comcast’s dividend payout ratio is presently 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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