Comcast Corporation $CMCSA Shares Purchased by Verity & Verity LLC

Verity & Verity LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,538 shares of the cable giant’s stock after acquiring an additional 5,322 shares during the period. Verity & Verity LLC’s holdings in Comcast were worth $15,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Comcast by 2.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 830,855 shares of the cable giant’s stock valued at $30,659,000 after purchasing an additional 16,099 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Comcast by 13.3% during the 1st quarter. LPL Financial LLC now owns 3,894,950 shares of the cable giant’s stock worth $143,724,000 after purchasing an additional 457,052 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Comcast during the first quarter worth about $10,117,000. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Comcast by 4.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 10,425 shares of the cable giant’s stock valued at $385,000 after buying an additional 409 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Citigroup dropped their price objective on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada lowered their target price on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Scotiabank dropped their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.92.

Comcast Trading Up 1.8%

NASDAQ CMCSA opened at $26.92 on Tuesday. Comcast Corporation has a one year low of $25.75 and a one year high of $43.45. The company’s 50 day moving average price is $29.36 and its 200 day moving average price is $32.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $98.11 billion, a price-to-earnings ratio of 4.47, a PEG ratio of 1.88 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.9%. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.