GAMMA Investing LLC Has $970,000 Holdings in Comcast Corporation $CMCSA

GAMMA Investing LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 39.2% in the second quarter, Holdings Channel.com reports. The firm owned 39,496 shares of the cable giant’s stock after selling 25,457 shares during the period. GAMMA Investing LLC’s holdings in Comcast were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new stake in Comcast during the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC lifted its position in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the period. Main Street Group LTD bought a new stake in shares of Comcast in the 1st quarter worth approximately $27,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. BNP Paribas Exane lowered their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Citigroup dropped their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.96.

Comcast Price Performance

CMCSA opened at $25.36 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $89.99 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company’s 50 day simple moving average is $23.69 and its 200-day simple moving average is $27.00. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the company posted $1.25 EPS. Comcast’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

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.