Asset One Wealth Management LLC Acquires Shares of 112,579 Comcast Corporation $CMCSA

Asset One Wealth Management LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 112,579 shares of the cable giant’s stock, valued at approximately $3,331,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in Comcast by 1.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares during the last quarter. North Dakota State Investment Board acquired a new stake in Comcast in the fourth quarter valued at approximately $3,754,000. Vest Financial LLC lifted its stake in Comcast by 72.1% in the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after acquiring an additional 97,601 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Comcast by 9.7% in the third quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock valued at $246,146,000 after acquiring an additional 693,156 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Moffett Nathanson decreased their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.52.

Comcast Trading Down 4.1%

NASDAQ:CMCSA opened at $22.69 on Thursday. Comcast Corporation has a 12 month low of $22.55 and a 12 month high of $36.66. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of 4.47, a P/E/G ratio of 1.93 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. The company’s 50 day moving average is $26.05 and its 200-day moving average is $28.26.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS 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 company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. Comcast’s dividend payout ratio (DPR) 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.