Comcast Corporation $CMCSA Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 865.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 284,938 shares of the cable giant’s stock after buying an additional 255,430 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Comcast were worth $6,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Comcast by 10.2% during the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Comcast by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock valued at $845,919,000 after purchasing an additional 507,097 shares during the period. First Trust Advisors LP lifted its stake in shares of Comcast by 4.9% in the 1st quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant’s stock valued at $390,231,000 after purchasing an additional 630,902 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Comcast by 824.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after purchasing an additional 10,359,800 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Comcast by 5.7% in the 1st quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant’s stock valued at $306,227,000 after purchasing an additional 574,300 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $24.39 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $86.61 billion, a P/E ratio of 7.72, a P/E/G ratio of 1.72 and a beta of 0.72. The business’s 50-day moving average is $23.14 and its two-hundred day moving average is $25.99. Comcast Corporation has a 1 year low of $20.48 and a 1 year high of $32.85.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The business had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 3.54 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.32 annualized dividend and a yield of 5.4%. Comcast’s dividend payout ratio (DPR) is 41.77%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $23.00 price target on shares of Comcast in a report on Thursday, October 22nd. TD Cowen reduced their price objective on shares of Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of Comcast in a research report on Monday, October 19th. Finally, Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.77.

Comcast Profile

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States.

Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.

Comcast traces its roots to a cable television business founded in 1963 as American Cable Systems.