Dimensional Fund Advisors LP Raises Stake in Comcast Corporation $CMCSA

Dimensional Fund Advisors LP boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,461,308 shares of the cable giant’s stock after purchasing an additional 507,097 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Comcast were worth $845,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lowe Brockenbrough & Co. Inc. increased its position in shares of Comcast by 4.9% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after acquiring an additional 352 shares in the last quarter. Cora Capital Advisors LLC lifted its holdings in shares of Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after acquiring an additional 362 shares in the last quarter. Oakworth Capital Inc. boosted its position in Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after purchasing an additional 377 shares during the period. WPG Advisers LLC boosted its position in Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after purchasing an additional 384 shares during the period. Finally, Addison Advisors LLC increased its holdings in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 384 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $23.79 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $22.13 and a one year high of $36.01. The company has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $27.48. The firm has a market capitalization of $84.98 billion, a PE ratio of 4.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) 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 firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter last year, the company posted $1.09 earnings per share. Comcast’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post 3.48 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. Comcast’s payout ratio is 25.98%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup lowered their target price on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research note on Monday, June 29th. BNP Paribas Exane dropped their target price on Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Wells Fargo & Company reduced their price target on Comcast from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Morgan Stanley decreased their price target on Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target of $33.64.

Comcast Company 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.