Signet Financial Management LLC Purchases 26,270 Shares of Comcast Corporation $CMCSA

Signet Financial Management LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,348 shares of the cable giant’s stock after buying an additional 26,270 shares during the period. Signet Financial Management LLC’s holdings in Comcast were worth $2,077,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the period. Cora Capital Advisors LLC increased its holdings in Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares during the period. Oakworth Capital Inc. raised its position in Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after purchasing an additional 377 shares during the last quarter. WPG Advisers LLC lifted its holdings in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after buying an additional 384 shares during the period. Finally, Addison Advisors LLC lifted its holdings in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after buying an additional 384 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CMCSA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their price target for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Moffett Nathanson reduced their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Finally, KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.77.

Comcast Trading Down 3.3%

CMCSA opened at $23.19 on Wednesday. The stock has a market cap of $82.84 billion, a PE ratio of 4.56, a PEG ratio of 1.98 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 business has a 50 day moving average of $24.14 and a 200-day moving average of $27.61. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. Equities research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued 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 payout ratio 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.