Capital Analysts LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Analysts LLC raised its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 141,644 shares of the cable giant’s stock after acquiring an additional 7,166 shares during the period. Capital Analysts LLC’s holdings in Comcast were worth $5,558,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Comcast by 26.0% in the second quarter. FMR LLC now owns 98,277,592 shares of the cable giant’s stock valued at $3,856,414,000 after acquiring an additional 20,251,251 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after acquiring an additional 5,880,050 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Comcast by 18.7% during the second quarter. Parnassus Investments LLC now owns 28,263,627 shares of the cable giant’s stock worth $1,109,065,000 after purchasing an additional 4,457,024 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Comcast by 535.8% during the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock worth $222,628,000 after purchasing an additional 4,007,100 shares during the period. Finally, Cullen Capital Management LLC lifted its holdings in shares of Comcast by 522.7% during the second quarter. Cullen Capital Management LLC now owns 3,300,647 shares of the cable giant’s stock worth $129,517,000 after purchasing an additional 2,770,602 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock traded up $0.43 during midday trading on Thursday, reaching $35.53. 17,890,502 shares of the company were exchanged, compared to its average volume of 26,542,070. The company has a market capitalization of $153.61 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 0.75 and a beta of 0.99. The firm’s 50-day simple moving average is $31.77 and its 200-day simple moving average is $36.94. Comcast Co. has a 1 year low of $28.39 and a 1 year high of $53.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.84 and a current ratio of 0.84.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Tuesday, January 3rd. Comcast’s dividend payout ratio is presently 93.91%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. JPMorgan Chase & Co. downgraded Comcast from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $52.00 to $45.00 in a report on Friday, July 29th. Pivotal Research decreased their price target on Comcast from $47.00 to $42.00 in a report on Thursday, October 27th. Atlantic Securities downgraded Comcast from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $44.00 in a report on Monday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, October 18th. Finally, Truist Financial reduced their target price on Comcast from $45.00 to $34.00 and set a “hold” rating for the company in a report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.52.

Comcast Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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