Comcast Corporation $CMCSA Shares Purchased by SRB Corp

SRB Corp increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,096,685 shares of the cable giant’s stock after acquiring an additional 89,535 shares during the quarter. Comcast accounts for 1.8% of SRB Corp’s portfolio, making the stock its 19th biggest position. SRB Corp’s holdings in Comcast were worth $32,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Motiv8 Investments LLC purchased a new position in Comcast during the fourth quarter valued at approximately $56,000. Focus Partners Wealth raised its position in Comcast by 42.2% during the fourth quarter. Focus Partners Wealth now owns 1,048,173 shares of the cable giant’s stock valued at $31,343,000 after acquiring an additional 311,120 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in Comcast by 46.6% during the fourth quarter. Landscape Capital Management L.L.C. now owns 294,787 shares of the cable giant’s stock valued at $8,811,000 after acquiring an additional 93,762 shares in the last quarter. Dockside LLC purchased a new position in Comcast during the fourth quarter valued at approximately $952,000. Finally, Element Wealth LLC raised its position in Comcast by 5.9% during the fourth quarter. Element Wealth LLC now owns 9,104 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 508 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMCSA shares. Royal Bank Of Canada lifted their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Rosenblatt Securities reduced their price target on 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 Comcast to a “hold” rating in a research report on Saturday, March 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.56.

Comcast Price Performance

Comcast stock opened at $24.50 on Monday. The stock has a market capitalization of $87.52 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66. The business has a 50 day simple moving average of $26.32 and a 200-day simple moving average of $28.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. On average, analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.4%. Comcast’s payout ratio is 25.98%.

Comcast 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.