Friedenthal Financial Takes Position in Comcast Corporation $CMCSA

Friedenthal Financial bought a new stake in Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 33,884 shares of the cable giant’s stock, valued at approximately $973,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. State Street Corp grew its stake in shares of Comcast by 3.4% in the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock valued at $5,583,604,000 after buying an additional 6,117,946 shares in the last quarter. Capital World Investors grew its stake in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after buying an additional 24,166,881 shares in the last quarter. Dodge & Cox increased its holdings in Comcast by 0.4% during the fourth quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after buying an additional 399,596 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Comcast by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after acquiring an additional 1,465,428 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Rosenblatt Securities cut their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Royal Bank Of Canada upped their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.50.

Comcast Trading Down 0.7%

Shares of Comcast stock opened at $22.64 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day simple moving average of $25.50 and a two-hundred day simple moving average of $28.10. Comcast Corporation has a 1 year low of $22.13 and a 1 year high of $36.66. The company has a market capitalization of $80.88 billion, a price-to-earnings ratio of 4.46, a P/E/G ratio of 1.86 and a beta of 0.67.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s payout ratio 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.