FourThought Financial Partners LLC Boosts Holdings in Comcast Corporation $CMCSA

FourThought Financial Partners LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 556,506 shares of the cable giant’s stock after purchasing an additional 190,534 shares during the period. Comcast accounts for approximately 1.4% of FourThought Financial Partners LLC’s portfolio, making the stock its 18th largest holding. FourThought Financial Partners LLC’s holdings in Comcast were worth $16,634,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new stake in Comcast in the 3rd quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast during the fourth quarter worth $27,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the third quarter worth $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $29,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of Comcast by 212.6% during the fourth 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. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Stock Performance

NASDAQ CMCSA opened at $24.88 on Thursday. 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 $88.88 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.99 and a beta of 0.71. The business’s 50-day simple moving average is $27.96 and its 200-day simple moving average is $28.66.

Comcast (NASDAQ:CMCSA) last posted 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. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Equities analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.