80,000 Shares in Comcast Corporation $CMCSA Acquired by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 80,000 shares of the cable giant’s stock, valued at approximately $2,514,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. State Street Corp boosted its stake in Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after buying an additional 4,231,140 shares during the last quarter. Dodge & Cox increased its stake in shares of Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. Norges Bank purchased a new position in shares of Comcast during the 2nd quarter worth about $3,528,361,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after buying an additional 2,517,906 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities dropped their price target on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. UBS Group set a $37.00 target price on Comcast in a research note on Monday. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $37.00 in a research note on Monday. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Evercore ISI dropped their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.98.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.06 on Tuesday. The company has a market capitalization of $105.89 billion, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The business has a 50 day simple moving average of $28.04 and a 200-day simple moving average of $30.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $38.40.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $31.20 billion during the quarter, compared to analyst estimates of $30.74 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.