Ironwood Investment Counsel LLC Buys 26,539 Shares of Comcast Corporation $CMCSA

Ironwood Investment Counsel LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,278 shares of the cable giant’s stock after purchasing an additional 26,539 shares during the period. Ironwood Investment Counsel LLC’s holdings in Comcast were worth $6,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares in the last quarter. North Dakota State Investment Board bought a new stake in Comcast in the 4th quarter valued at approximately $3,754,000. Vest Financial LLC lifted its stake in Comcast by 72.1% in the 4th 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 in the last quarter. Axxcess Wealth Management LLC boosted its position in Comcast by 53.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after acquiring an additional 72,129 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock worth $1,295,200,000 after acquiring an additional 3,952,642 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $23.79 on Monday. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.01. The firm has a market capitalization of $84.98 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.96 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 stock’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $27.48.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 business had revenue of $31.46 billion during 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% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. Equities research analysts expect that Comcast Corporation will post 3.48 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMCSA shares. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. BNP Paribas Exane reduced their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Evercore raised their target price on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Finally, Wells Fargo & Company cut their price target on shares of Comcast from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.64.

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.