136,357 Shares in Comcast Corporation $CMCSA Purchased by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC initiated a new position in Comcast, purchasing 136,357 shares in Q4 worth about $4.08 million.
• Comcast trades at a low valuation (PE 5.22), reported Q4 EPS of $0.84 (beating estimates), and pays a quarterly dividend of $0.33 (annual yield ~4.7%).
• Analyst sentiment is mixed: the consensus is a Hold with an average price target of $34.81, based on 10 Buys, 16 Holds and 2 Sells.

Third View Private Wealth LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 136,357 shares of the cable giant's stock, valued at approximately $4,076,000.

Other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC increased its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant's stock worth $25,000 after buying an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in Comcast in the second quarter worth approximately $31,000. United Financial Planning Group LLC purchased a new position in Comcast in the third quarter worth approximately $28,000. Finally, Total Investment Management Inc. purchased a new position in Comcast in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. Rosenblatt Securities reiterated a "neutral" rating and issued a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Royal Bank Of Canada decreased their target price on Comcast from $32.00 to $31.00 and set a "sector perform" rating for the company in a report on Friday, January 16th. Citigroup restated a "buy" rating and issued a $33.00 price target (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. The Goldman Sachs Group cut their price target on Comcast from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 25th. Finally, Wall Street Zen upgraded Comcast to a "hold" rating in a research report on Saturday, March 14th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Comcast has an average rating of "Hold" and an average price target of $34.81.

Comcast Price Performance

Shares of CMCSA opened at $28.05 on Tuesday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The stock's 50 day moving average is $30.12 and its two-hundred day moving average is $29.18. The firm has a market capitalization of $100.92 billion, a PE ratio of 5.22, a P/E/G ratio of 2.33 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast's payout ratio is 24.58%.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company's stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is owned by company insiders.

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.

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