Benin Management CORP Has $452,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Benin Management CORP grew its stake in Comcast Co. (NASDAQ:CMCSA) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,246 shares of the cable giant’s stock after purchasing an additional 500 shares during the period. Benin Management CORP’s holdings in Comcast were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter valued at about $28,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Comcast during the fourth quarter worth about $33,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CMCSA shares. Scotiabank reissued a “sector perform” rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a report on Friday, April 25th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Up 1.0%

Shares of NASDAQ CMCSA opened at $34.66 on Wednesday. The stock has a market capitalization of $129.41 billion, a P/E ratio of 8.35, a PEG ratio of 1.78 and a beta of 0.97. The stock’s fifty day moving average is $34.53 and its 200 day moving average is $36.55. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the firm earned $1.04 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

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.