Daiwa Securities Group Inc. Grows Stock Position in Comcast Corporation $CMCSA

Daiwa Securities Group Inc. lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.8% in the fourth quarter, HoldingsChannel reports. The firm owned 992,858 shares of the cable giant’s stock after acquiring an additional 71,997 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Comcast were worth $27,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after buying an additional 113,461 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after buying an additional 32,262 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of Comcast during the 4th quarter valued at about $3,754,000. Finally, Varma Mutual Pension Insurance Co lifted its holdings in shares of Comcast by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock valued at $19,282,000 after buying an additional 49,800 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $23.82 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $26.77 and its two-hundred day moving average is $28.42. The company has a market cap of $85.09 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.90 and a beta of 0.67. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. On average, equities analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of Comcast in a report on Thursday, April 23rd. Rosenblatt Securities reduced their price target on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada lifted their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley lifted their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Citigroup raised their price objective on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.56.

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.