Brandes Investment Partners LP grew its holdings in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 5,994,421 shares of the cable giant’s stock after purchasing an additional 209,365 shares during the quarter. Comcast accounts for 1.4% of Brandes Investment Partners LP’s portfolio, making the stock its 23rd biggest position. Brandes Investment Partners LP’s holdings in Comcast were worth $179,173,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CMCSA. Norges Bank acquired a new position in shares of Comcast during the fourth quarter worth about $2,498,626,000. Capital World Investors boosted its position in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares during the period. Capital Research Global Investors boosted its position in shares of Comcast by 65.1% during the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after buying an additional 21,958,603 shares during the period. State Street Corp boosted its position in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Comcast by 2,970.5% during the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after buying an additional 7,153,895 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Comcast Stock Performance
Shares of NASDAQ CMCSA opened at $23.85 on Wednesday. The stock has a 50 day moving average price of $26.58 and a 200 day moving average price of $28.38. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $85.20 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.
Comcast Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio is currently 25.98%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Rosenblatt Securities reduced their price objective on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. New Street Research reduced their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. Finally, Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.56.
Get Our Latest Analysis on Comcast
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.
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