Patriot Financial Group Insurance Agency LLC increased its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 113.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 274,396 shares of the cable giant’s stock after acquiring an additional 145,679 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $7,878,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Brighton Jones LLC boosted its holdings in Comcast by 150.9% in 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 period. Voya Financial Advisors Inc. lifted its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank grew its position in shares of Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after purchasing an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on CMCSA shares. Wall Street Zen raised shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Moffett Nathanson decreased their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Freedom Capital raised shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Rosenblatt Securities reduced their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Nine analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.46.
Comcast Stock Up 2.3%
Shares of NASDAQ CMCSA opened at $23.20 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average of $25.29 and a 200-day moving average of $28.03. The firm has a market capitalization of $82.88 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 1.89 and a beta of 0.67. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.66.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its 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. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the firm posted $1.09 earnings per share. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.
Comcast Dividend Announcement
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 given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.7%. Comcast’s dividend payout ratio (DPR) is 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.
Read More
- Five stocks we like better than Comcast
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA – Free Report).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.
