Great Lakes Advisors LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 106,366 shares of the cable giant’s stock, valued at approximately $2,611,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new stake in Comcast during the 3rd quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter worth $27,000. Whipplewood Advisors LLC boosted its position in shares of Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Main Street Group LTD purchased a new position in Comcast during the first quarter valued at $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Comcast in the 1st quarter valued at $30,000. Institutional investors own 84.32% of the company’s stock.
Comcast Stock Performance
NASDAQ CMCSA opened at $26.42 on Friday. The company has a market cap of $93.76 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $24.03 and its 200-day moving average price is $26.80. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CMCSA shares. Freedom Capital raised Comcast to a “hold” rating in a report on Friday, June 12th. Barclays set a $26.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Friday, July 24th. Evercore raised their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Comcast in a research note on Friday, July 24th. Finally, New Street Research decreased their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.96.
Check Out Our Latest Analysis on CMCSA
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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