Morningstar Investment Services LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,134,309 shares of the cable giant’s stock after selling 72,637 shares during the period. Comcast comprises about 1.4% of Morningstar Investment Services LLC’s holdings, making the stock its 23rd biggest position. Morningstar Investment Services LLC’s holdings in Comcast were worth $83,110,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Comcast by 0.9% during the 1st quarter. State Street Corp now owns 175,742,450 shares of the cable giant’s stock worth $6,082,213,000 after acquiring an additional 1,632,045 shares during the period. Capital International Investors raised its stake in Comcast by 19.2% in the 1st quarter. Capital International Investors now owns 159,780,593 shares of the cable giant’s stock valued at $5,493,274,000 after acquiring an additional 25,775,072 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Comcast by 6.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 138,261,715 shares of the cable giant’s stock valued at $4,753,438,000 after purchasing an additional 8,093,460 shares during the last quarter. Capital World Investors boosted its position in Comcast by 7.8% during the first quarter. Capital World Investors now owns 96,029,604 shares of the cable giant’s stock worth $3,301,509,000 after purchasing an additional 6,937,877 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Comcast by 2.0% in the first quarter. Clearbridge Investments LLC now owns 81,382,434 shares of the cable giant’s stock worth $2,797,928,000 after purchasing an additional 1,600,192 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on CMCSA. ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. UBS Group dropped their target price on Comcast from $49.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Morgan Stanley lifted their price target on Comcast from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday. Guggenheim cut Comcast from a “buy” rating to a “neutral” rating in a report on Tuesday, May 19th. Finally, Barclays restated a “buy” rating and issued a $44.00 target price on shares of Comcast in a research note on Friday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.38.
Shares of Comcast stock traded down $0.87 on Friday, hitting $42.80. 23,913,538 shares of the company traded hands, compared to its average volume of 17,506,434. Comcast Co. has a 12-month low of $31.70 and a 12-month high of $47.74. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $195.34 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.96 and a beta of 0.97. The firm’s 50-day simple moving average is $40.51 and its 200 day simple moving average is $40.20.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company had revenue of $23.72 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. Analysts predict that Comcast Co. will post 2.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s payout ratio is currently 29.39%.
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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