Bridges Investment Management Inc. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,644 shares of the cable giant’s stock after selling 1,675 shares during the period. Bridges Investment Management Inc.’s holdings in Comcast were worth $2,914,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Davidson Investment Advisors increased its stake in shares of Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after buying an additional 124,484 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of Comcast by 99.2% during the second quarter. Rosenberg Matthew Hamilton now owns 8,470 shares of the cable giant’s stock worth $302,000 after buying an additional 4,218 shares during the period. Generali Asset Management SPA SGR increased its stake in shares of Comcast by 6.3% during the second quarter. Generali Asset Management SPA SGR now owns 430,476 shares of the cable giant’s stock worth $15,364,000 after buying an additional 25,345 shares during the period. Granite Group Advisors LLC boosted its holdings in Comcast by 10.6% in the second quarter. Granite Group Advisors LLC now owns 58,262 shares of the cable giant’s stock valued at $2,079,000 after purchasing an additional 5,585 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Comcast in the second quarter valued at approximately $168,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Price Performance
CMCSA stock opened at $29.26 on Friday. The company has a market capitalization of $108.03 billion, a P/E ratio of 4.84, a PEG ratio of 1.76 and a beta of 0.94. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The business has a 50 day simple moving average of $32.27 and a 200-day simple moving average of $33.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.
Comcast Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target for the company. Rothschild & Co Redburn lowered their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Loop Capital lowered their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.94.
View Our Latest Analysis on CMCSA
Comcast Profile
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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