Bank Julius Baer & Co. Ltd Zurich cut its position in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,866 shares of the cable giant's stock after selling 954 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Comcast were worth $466,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Calton & Associates Inc. grew its holdings in shares of Comcast by 3.1% during the 1st quarter. Calton & Associates Inc. now owns 7,021 shares of the cable giant's stock valued at $328,000 after acquiring an additional 212 shares in the last quarter. Pacifica Partners Inc. boosted its holdings in Comcast by 33.8% in the first quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant's stock worth $46,000 after purchasing an additional 250 shares in the last quarter. Family Legacy Inc. boosted its holdings in Comcast by 5.5% in the first quarter. Family Legacy Inc. now owns 4,816 shares of the cable giant's stock worth $225,000 after purchasing an additional 250 shares in the last quarter. First City Capital Management Inc. boosted its holdings in Comcast by 1.4% in the second quarter. First City Capital Management Inc. now owns 18,358 shares of the cable giant's stock worth $720,000 after purchasing an additional 256 shares in the last quarter. Finally, Mascoma Wealth Management LLC boosted its holdings in Comcast by 7.9% in the first quarter. Mascoma Wealth Management LLC now owns 3,491 shares of the cable giant's stock worth $163,000 after purchasing an additional 257 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
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Shares of CMCSA 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 company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $135.66 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.64 and a beta of 0.97. The company has a 50-day simple moving average of $35.70 and a 200-day simple moving average of $40.38.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings results 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. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The firm had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 3.62 earnings per share for the current year.Comcast Announces Dividend
The firm also recently declared 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 yield of 3.51%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast's dividend payout ratio (DPR) is presently 35.29%.
Analyst Upgrades and Downgrades
CMCSA has been the subject of a number of recent research reports. Rosenblatt Securities decreased their price objective on shares of Comcast from $40.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, August 1st. Wolfe Research decreased their price objective on shares of Comcast from $39.00 to $33.00 and set an "underperform" rating for the company in a report on Thursday, September 29th. Cowen cut their target price on shares of Comcast from $60.00 to $51.00 in a research report on Friday, July 29th. TheStreet lowered shares of Comcast from a "b-" rating to a "c+" rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. lowered shares of Comcast from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $52.00 to $45.00 in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of "Hold" and an average target price 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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