Comcast Corporation $CMCSA Shares Bought by Parnassus Investments LLC

Parnassus Investments LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,045,409 shares of the cable giant’s stock after purchasing an additional 55,917 shares during the period. Parnassus Investments LLC owned 0.06% of Comcast worth $64,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. SCS Capital Management LLC bought a new stake in shares of Comcast in the first quarter valued at approximately $419,000. Ransom Advisory Ltd acquired a new position in shares of Comcast during the first quarter valued at about $29,000. Integrity Alliance LLC. bought a new position in Comcast in the first quarter worth $903,000. Finally, Focus Partners Wealth boosted its position in Comcast by 2.5% in the first quarter. Focus Partners Wealth now owns 857,001 shares of the cable giant’s stock valued at $31,623,000 after buying an additional 21,181 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.6%

CMCSA opened at $28.37 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $103.38 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.40. The company has a 50 day moving average of $28.00 and a 200 day moving average of $31.06.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion for the quarter. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMCSA. TD Cowen reduced their target price on Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Loop Capital dropped their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Rosenblatt Securities reduced their target price on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Finally, Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.24.

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.