21,330 Shares in Comcast Corporation $CMCSA Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,330 shares of the cable giant’s stock, valued at approximately $638,000.

Other hedge funds have also modified their holdings of the company. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the fourth quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 0.5%

NASDAQ CMCSA opened at $25.20 on Friday. The company’s fifty day simple moving average is $27.73 and its 200-day simple moving average is $28.62. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $90.02 billion, a P/E ratio of 4.96, a PEG ratio of 2.02 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMCSA. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Morgan Stanley boosted their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, Evercore boosted their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.79.

Comcast Company 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.