Ally Financial Inc. Purchases Shares of 158,252 Comcast Corporation $CMCSA

Ally Financial Inc. acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 158,252 shares of the cable giant's stock, valued at approximately $3,885,000.

Several other hedge funds also recently made changes to their positions in CMCSA. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant's stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. State Street Corp lifted its holdings in shares of Comcast by 3.4% during the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant's stock valued at $5,583,604,000 after purchasing an additional 6,117,946 shares during the last quarter. Capital World Investors lifted its holdings in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant's stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the last quarter. Dodge & Cox boosted its position in shares of Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant's stock valued at $3,376,599,000 after purchasing an additional 399,596 shares during the period. Finally, Geode Capital Management LLC increased its stake in Comcast by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant's stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $26.85 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45. The business has a 50-day moving average price of $24.08 and a two-hundred day moving average price of $26.78. The firm has a market capitalization of $95.28 billion, a PE ratio of 8.69, a PEG ratio of 1.53 and a beta of 0.67.

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

Comcast Announces Dividend

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 $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast's dividend payout ratio is presently 42.72%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a "sector perform" rating in a report on Friday, July 24th. Freedom Capital upgraded shares of Comcast to a "hold" rating in a report on Friday, June 12th. Sanford C. Bernstein reissued a "market perform" rating and issued a $28.00 target price on shares of Comcast in a research report on Monday, July 13th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an "underweight" rating in a research report on Friday, July 24th. Finally, New Street Research decreased their price objective on shares of Comcast from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.96.

About Comcast

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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