National Pension Service Buys 711,757 Shares of Comcast Corporation $CMCSA

National Pension Service raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,731,718 shares of the cable giant’s stock after purchasing an additional 711,757 shares during the period. National Pension Service owned 0.27% of Comcast worth $272,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC bought a new position in shares of Comcast during the 3rd quarter valued at about $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. Olistico Wealth LLC bought a new position in shares of Comcast in the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $25.16 on Friday. 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 Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The firm has a market capitalization of $89.88 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. The company’s 50-day moving average is $27.33 and its 200 day moving average is $28.57.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Citigroup increased their price target on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Finally, Morgan Stanley increased their price target on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.79.

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.