106,366 Shares in Comcast Corporation $CMCSA Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 106,366 shares of the cable giant’s stock, valued at approximately $2,611,000.

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

Analyst Ratings Changes

A number of brokerages have commented on CMCSA. The Goldman Sachs Group dropped their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. BNP Paribas Exane dropped their price objective on Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Morgan Stanley set a $29.00 target price on Comcast in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $23.00 target price on Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.96.

Comcast Price Performance

Shares of CMCSA opened at $26.42 on Friday. The company has a 50 day moving average price of $24.03 and a 200-day moving average price of $26.80. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The stock has a market capitalization of $93.76 billion, a PE ratio of 8.55, a PEG ratio of 1.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

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.