UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,217,107 shares of the cable giant’s stock after acquiring an additional 919,555 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.77% of Comcast worth $843,409,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. grew its position in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank grew its position in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC grew its position in shares of Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of a number of analyst reports. Rosenblatt Securities reduced their price target on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Evercore upped their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine equities 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.56.
Comcast Stock Up 2.2%
Shares of Comcast stock opened at $24.50 on Friday. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50-day moving average is $26.32 and its 200 day moving average is $28.31. The firm has a market cap of $87.52 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.95 and a beta of 0.67.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Equities research analysts anticipate that Comcast Corporation will post 3.53 EPS for the current year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 dividend yield of 5.4%. Comcast’s payout ratio is currently 25.98%.
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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