Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,866 shares of the cable giant's stock after selling 954 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Comcast were worth $466,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Baker Tilly Wealth Management LLC raised its stake in shares of Comcast by 40.7% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 73,266 shares of the cable giant's stock worth $3,430,000 after buying an additional 21,211 shares in the last quarter. WC Walker & Associates Inc. raised its stake in shares of Comcast by 1.5% during the 1st quarter. WC Walker & Associates Inc. now owns 50,498 shares of the cable giant's stock worth $2,419,000 after buying an additional 740 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Comcast by 66.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,049 shares of the cable giant's stock worth $80,000 after buying an additional 820 shares in the last quarter. Cooper Financial Group raised its stake in shares of Comcast by 5.1% during the 1st quarter. Cooper Financial Group now owns 7,803 shares of the cable giant's stock worth $365,000 after buying an additional 382 shares in the last quarter. Finally, Toroso Investments LLC raised its stake in shares of Comcast by 38.4% during the 1st quarter. Toroso Investments LLC now owns 167,887 shares of the cable giant's stock worth $7,860,000 after buying an additional 46,584 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Get Comcast alerts:Comcast Price Performance
CMCSA stock opened at $30.74 on Thursday. Comcast Co. has a 52-week low of $29.28 and a 52-week high of $57.96. The stock's fifty day simple moving average is $35.70 and its 200-day simple moving average is $40.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $135.66 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.64 and a beta of 0.97.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. The business had revenue of $30.02 billion for the quarter, compared to analysts' expectations of $29.72 billion. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Equities research analysts expect that Comcast Co. will post 3.62 EPS for the current year.Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Tuesday, October 4th. Comcast's dividend payout ratio (DPR) is currently 35.29%.
Wall Street Analysts Forecast Growth
CMCSA has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on Comcast in a research note on Friday, July 1st. They set an "outperform" rating and a $43.00 target price for the company. Barclays dropped their price objective on Comcast from $42.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, September 29th. Vertical Research downgraded Comcast to a "positive" rating in a research note on Tuesday, July 5th. Atlantic Securities downgraded Comcast from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $60.00 to $44.00 in a research note on Monday, August 15th. Finally, Wolfe Research dropped their price objective on Comcast from $39.00 to $33.00 and set an "underperform" rating for the company in a research note on Thursday, September 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $48.48.
Comcast Profile
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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