Cibc World Market Inc. boosted its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 917,388 shares of the cable giant’s stock after acquiring an additional 22,348 shares during the period. Cibc World Market Inc.’s holdings in Comcast were worth $25,687,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Cora Capital Advisors LLC raised its stake in Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the period. FSA Advisors Inc. boosted its stake in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after acquiring an additional 376 shares during the period. Oakworth Capital Inc. increased its holdings in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after acquiring an additional 377 shares during the last quarter. WPG Advisers LLC raised its stake in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after acquiring an additional 384 shares during the period. Finally, Addison Advisors LLC raised its stake in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 384 shares during the period. Institutional investors own 84.32% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on CMCSA shares. Evercore lifted their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. New Street Research cut their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada increased their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.79.
Comcast Stock Performance
Shares of NASDAQ:CMCSA opened at $23.33 on Friday. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The company’s 50 day moving average price is $26.87 and its two-hundred day moving average price is $28.45. The firm has a market cap of $83.34 billion, a PE ratio of 4.59, a PEG ratio of 1.91 and a beta of 0.67. 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:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. Equities research analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.
About Comcast
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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