Eagle Asset Management Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,325,065 shares of the cable giant’s stock after purchasing an additional 4,281 shares during the period. Eagle Asset Management Inc. owned about 0.05% of Comcast worth $132,575,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Newton One Investments LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at $28,000. Wagner Wealth Management LLC bought a new position in shares of Comcast in the first quarter valued at about $28,000. Baron Financial Group LLC raised its holdings in shares of Comcast by 688.6% in the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after buying an additional 482 shares during the last quarter. Lumature Wealth Partners LLC bought a new position in shares of Comcast in the first quarter valued at about $31,000. Finally, Axiom Investment Management LLC bought a new position in shares of Comcast in the first quarter valued at about $37,000. Institutional investors own 82.49% of the company’s stock.
A number of research analysts recently issued reports on the company. Benchmark lifted their price target on Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Pivotal Research boosted their price objective on Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Raymond James boosted their target price on Comcast from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Finally, Wells Fargo & Company set a $57.55 target price on Comcast and gave the stock a “sell” rating in a research report on Monday, July 19th. One investment analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $64.93.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion during the quarter, compared to the consensus estimate of $27.14 billion. Comcast had a return on equity of 14.15% and a net margin of 11.44%. On average, equities analysts predict that Comcast Co. will post 3.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Comcast’s dividend payout ratio (DPR) is 38.31%.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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