Horan Capital Advisors LLC. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,115 shares of the cable giant’s stock after buying an additional 1,975 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Comcast were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Comcast by 108.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock valued at $1,158,311,000 after purchasing an additional 17,663,290 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Comcast by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock valued at $4,864,907,000 after purchasing an additional 12,823,994 shares during the last quarter. BlackRock Inc. grew its position in shares of Comcast by 2.5% in the first quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock valued at $11,052,476,000 after purchasing an additional 7,922,120 shares during the last quarter. FMR LLC grew its position in shares of Comcast by 7.5% in the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after purchasing an additional 7,812,415 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Comcast by 24.1% in the first quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after purchasing an additional 7,257,371 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.
NASDAQ:CMCSA opened at $37.90 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The company has a market cap of $175.61 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.21 and a beta of 1.20. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. Comcast’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. equities analysts predict that Comcast Co. will post 2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is currently 36.89%.
A number of analysts recently issued reports on the stock. Pivotal Research restated a “buy” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, June 26th. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Raymond James lowered shares of Comcast from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $44.00 to $63.00 in a research report on Wednesday, June 13th. Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Monday, August 6th. Finally, Robert W. Baird decreased their target price on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.79.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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