Verus Financial Partners Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,797 shares of the cable giant’s stock after acquiring an additional 909 shares during the period. Verus Financial Partners Inc.’s holdings in Comcast were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor OS LLC grew its position in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the period. Resona Asset Management Co. Ltd. grew its position in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares during the period. OMNI 360 Wealth Inc. acquired a new stake in Comcast during the 1st quarter worth about $335,000. DAVENPORT & Co LLC grew its position in Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the period. Finally, Kestra Investment Management LLC grew its position in Comcast by 49.5% during the 1st quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock worth $2,632,000 after purchasing an additional 23,607 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Trading Down 1.7%
CMCSA stock opened at $30.40 on Friday. 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 Corporation has a 12-month low of $30.38 and a 12-month high of $45.31. The stock has a market cap of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94. The business’s 50-day moving average is $32.79 and its 200 day moving average is $34.20.
Comcast Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.
Analysts Set New Price Targets
CMCSA has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Arete Research upgraded Comcast to a “hold” rating in a research report on Tuesday, July 8th. UBS Group dropped their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. Loop Capital dropped their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $40.07.
View Our Latest Stock Report on Comcast
About Comcast
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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