Comcast Corporation $CMCSA Holdings Boosted by Private Management Group Inc.

Private Management Group Inc. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,448,982 shares of the cable giant’s stock after purchasing an additional 123,668 shares during the period. Comcast accounts for 1.3% of Private Management Group Inc.’s holdings, making the stock its 8th biggest position. Private Management Group Inc.’s holdings in Comcast were worth $43,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Imprint Wealth LLC purchased a new position in Comcast during the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast during the fourth quarter valued at $27,000. United Financial Planning Group LLC purchased a new position in Comcast during the third quarter valued at $28,000. Olistico Wealth LLC purchased a new position in Comcast during the fourth quarter valued at $29,000. Finally, Richardson Financial Services Inc. raised 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 valued at $30,000 after buying an additional 691 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Rosenblatt Securities reduced their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. BNP Paribas Exane reduced their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Finally, Citigroup increased their target price on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Nine investment 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. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Price Performance

Comcast stock opened at $23.97 on Friday. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The stock has a market cap of $85.63 billion, a P/E ratio of 4.72, a PEG ratio of 1.95 and a beta of 0.67. The company has a 50-day moving average price of $26.39 and a 200 day moving average price of $28.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the business earned $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

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.