Princeton Capital Management Inc. Has $3.53 Million Position in Comcast Co. (NASDAQ:CMCSA)
Princeton Capital Management Inc. boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 116.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,670 shares of the cable giant’s stock after buying an additional 49,271 shares during the period. Comcast accounts for approximately 1.8% of Princeton Capital Management Inc.’s portfolio, making the stock its 21st largest position. Princeton Capital Management Inc.’s holdings in Comcast were worth $3,527,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Zions Bancorporation lifted its holdings in shares of Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. Clear Perspective Advisors LLC raised its holdings in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new position in Comcast in the 2nd quarter worth approximately $107,000. First Bank & Trust raised its holdings in Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Partners Capital Investment Group Holdings LLC raised its holdings in Comcast by 100.0% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock worth $131,000 after acquiring an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 82.33% of the company’s stock.
A number of equities analysts recently weighed in on CMCSA shares. Barclays decreased their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. TD Securities boosted their price objective on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday. Nomura restated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Buckingham Research boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $47.46.
Shares of Comcast Co. (CMCSA) traded down $0.82 during trading on Monday, reaching $41.98. 21,536,381 shares of the company traded hands, compared to its average volume of 21,930,000. The company has a market cap of $196,200.00, a P/E ratio of 8.78, a P/E/G ratio of 1.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a one year low of $34.78 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.81%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is presently 13.18%.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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