Comcast Corporation $CMCSA Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,074,374 shares of the cable giant’s stock after acquiring an additional 2,679,646 shares during the period. SG Americas Securities LLC’s holdings in Comcast were worth $289,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Comcast during the fourth quarter worth $3,754,000. Vest Financial LLC raised its holdings in shares of Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after purchasing an additional 97,601 shares during the period. Victory Capital Management Inc. lifted its position in shares of Comcast by 9.7% in the 3rd quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock worth $246,146,000 after buying an additional 693,156 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of Comcast by 53.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after buying an additional 72,129 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $22.43 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $22.38 and a one year high of $36.66. The company has a 50-day simple moving average of $25.83 and a 200-day simple moving average of $28.20. The firm has a market capitalization of $80.13 billion, a P/E ratio of 4.42, a P/E/G ratio of 1.83 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for 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%. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. As a group, equities analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 5.9%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. BNP Paribas Exane decreased their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.50.

Comcast Company 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.