Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by Country Club Bank

by · The Cerbat Gem

Country Club Bank lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 2.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 21,598 shares of the cable giant’s stock after buying an additional 500 shares during the period. Country Club Bank’s holdings in Comcast were worth $791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates grew its stake in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Comcast from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. BNP Paribas Exane lowered their target price on Comcast from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group lowered their target price on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, TD Cowen lowered their target price on Comcast from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.98.

Check Out Our Latest Stock Report on CMCSA

Comcast Stock Performance

NASDAQ CMCSA opened at $34.99 on Friday. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The stock has a market cap of $130.64 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. The business has a fifty day moving average of $34.96 and a 200-day moving average of $35.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. Comcast’s dividend payout ratio (DPR) is 32.43%.

About Comcast

(Free Report)

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.

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