Sumitomo Mitsui DS Asset Management Company Ltd Acquires 43,581 Shares of Comcast Corporation $CMCSA

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.0% in the third quarter, Holdings Channel reports. The institutional investor owned 530,228 shares of the cable giant’s stock after acquiring an additional 43,581 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Comcast were worth $16,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Comcast during the 2nd quarter worth $3,528,361,000. Dodge & Cox raised its holdings in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. First Trust Advisors LP raised its holdings in Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after purchasing an additional 5,817,614 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after buying an additional 4,240,876 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after buying an additional 4,231,140 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMCSA shares. Oppenheimer set a $38.00 price objective on shares of Comcast in a research note on Tuesday, November 4th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Royal Bank Of Canada decreased their price target on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Pivotal Research dropped their price target on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $35.24.

Comcast Stock Up 0.6%

Comcast stock opened at $28.37 on Friday. The business’s 50-day simple moving average is $28.00 and its two-hundred day simple moving average is $31.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $103.38 billion, a PE ratio of 4.72, a PEG ratio of 1.98 and a beta of 0.81. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.40.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. Comcast’s dividend payout ratio is presently 21.96%.

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.