Comcast Corporation $CMCSA is Wilmington Savings Fund Society FSB’s 2nd Largest Position

Wilmington Savings Fund Society FSB lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,219,590 shares of the cable giant’s stock after selling 35,006 shares during the period. Comcast comprises approximately 4.3% of Wilmington Savings Fund Society FSB’s investment portfolio, making the stock its 2nd biggest position. Wilmington Savings Fund Society FSB’s holdings in Comcast were worth $258,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Foster Group Inc. raised its holdings in shares of Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC raised its position in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after buying an additional 307 shares during the period. Coign Capital Advisors LLC lifted its position in Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares during the period. Finally, Live Oak Investment Partners lifted its stake in Comcast by 1.2% during the 2nd quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after acquiring an additional 328 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CMCSA. Williams Trading set a $40.00 price objective on Comcast in a research report on Friday, October 31st. Scotiabank set a $37.50 target price on shares of Comcast in a research report on Wednesday, January 7th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Finally, Rosenblatt Securities dropped their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, December 1st. Twelve analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.92.

Comcast Price Performance

Comcast stock opened at $28.35 on Friday. The company has a market cap of $103.30 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 2.02 and a beta of 0.81. Comcast Corporation has a one year low of $25.75 and a one year high of $38.40. The business has a fifty day moving average of $28.09 and a two-hundred day moving average of $30.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Comcast 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.