Manning & Napier Advisors LLC Has $1.70 Million Stock Position in Comcast Corporation $CMCSA

Manning & Napier Advisors LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 97.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,885 shares of the cable giant’s stock after purchasing an additional 29,106 shares during the period. Manning & Napier Advisors LLC’s holdings in Comcast were worth $1,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC boosted its stake in Comcast by 75.5% during the 1st 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. Olistico Wealth LLC bought a new position in Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. grew its holdings in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of Comcast from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, July 7th. Citigroup decreased their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a report on Monday, June 29th. Royal Bank Of Canada upped their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Evercore lifted their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $34.04.

Comcast Price Performance

Shares of CMCSA stock opened at $23.57 on Monday. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.01. 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 firm has a fifty day moving average of $24.27 and a 200-day moving average of $27.69. The company has a market capitalization of $84.20 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. As a group, equities research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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. This represents a $1.32 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 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.