FourThought Financial Partners LLC Grows Stock Holdings in Comcast Corporation $CMCSA

FourThought Financial Partners LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSAFree Report) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,506 shares of the cable giant’s stock after purchasing an additional 190,534 shares during the period. Comcast accounts for approximately 1.4% of FourThought Financial Partners LLC’s portfolio, making the stock its 18th largest position. FourThought Financial Partners LLC’s holdings in Comcast were worth $16,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast in the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast during the fourth quarter worth approximately $27,000. United Financial Planning Group LLC acquired a new position in Comcast in the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new position in Comcast in the fourth quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. increased its stake in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMCSA. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $34.79.

View Our Latest Stock Analysis on Comcast

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $24.88 on Thursday. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a 50-day moving average price of $27.96 and a 200 day moving average price of $28.66. The company has a market cap of $88.88 billion, a P/E ratio of 4.90, a PEG ratio of 1.99 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. Research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

About Comcast

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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