Wealth Science Advisors LLC Grows Stock Position in Comcast Corporation $CMCSA

Wealth Science Advisors LLC raised its position in Comcast Corporation (NASDAQ:CMCSA) by 7,108.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,624 shares of the cable giant’s stock after acquiring an additional 21,324 shares during the quarter. Wealth Science Advisors LLC’s holdings in Comcast were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares in the last quarter. State Street Corp grew its stake in shares of Comcast by 3.4% during 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 acquiring an additional 6,117,946 shares in the last quarter. Capital World Investors increased its position in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the last quarter. Dodge & Cox increased its position in shares of 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 acquiring an additional 399,596 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Comcast by 1.7% in 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. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock opened at $25.36 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a market cap of $89.99 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.44 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The business has a 50-day moving average price of $23.69 and a 200 day moving average price of $26.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. New Street Research reduced their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Barclays set a $26.00 target price on Comcast and gave the company an “equal weight” rating in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Moffett Nathanson decreased their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and cut their price target for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.96.

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.