MetLife Investment Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,351,837 shares of the cable giant’s stock after selling 43,035 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Comcast were worth $44,354,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in CMCSA. WP Advisors LLC bought a new position in Comcast in the second quarter worth $105,000. Prentiss Smith & Co. Inc. raised its holdings in Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares in the last quarter. IMA Wealth Inc. bought a new position in shares of Comcast during the second quarter valued at $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Comcast during the second quarter valued at $129,000. Finally, Rainier Group Investment Advisory LLC bought a new position in shares of Comcast during the first quarter valued at $146,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on CMCSA. Pivotal Research restated a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, June 26th. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Robert W. Baird reduced their price target on Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, July 30th. Atlantic Securities upgraded Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, August 6th. Finally, Macquarie set a $35.00 price target on Comcast and gave the company a “hold” rating in a report on Wednesday, May 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $45.79.
Comcast stock opened at $36.96 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The firm has a market cap of $167.62 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. Comcast’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. equities analysts anticipate that Comcast Co. will post 2.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be given a $0.19 dividend. The ex-dividend date is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.06%. Comcast’s payout ratio is 36.89%.
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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