SG Trading Solutions LLC Makes New $1.12 Million Investment in Comcast Corporation $CMCSA

SG Trading Solutions LLC bought a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,592 shares of the cable giant’s stock, valued at approximately $1,124,000.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Vanguard Group Inc. boosted its holdings in Comcast by 0.6% in the fourth 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 during the last quarter. State Street Corp grew its position in Comcast by 3.4% in the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares during the period. Capital World Investors raised its stake in Comcast by 20.8% during the 4th 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 during the last quarter. Dodge & Cox raised its stake in Comcast by 0.4% during the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after buying an additional 399,596 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after buying an additional 1,465,428 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Scotiabank raised their price target on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their target price on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.52.

Comcast Trading Down 1.1%

Shares of CMCSA stock opened at $22.43 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. The company has a market cap of $80.13 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 1.85 and a beta of 0.67. Comcast Corporation has a 1 year low of $22.38 and a 1 year high of $36.66. The firm has a fifty day moving average price of $25.94 and a 200-day moving average price of $28.23.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. As a group, equities analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. Comcast’s dividend payout ratio (DPR) is 25.98%.

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.