Comcast Corporation $CMCSA Shares Acquired by Matrix Asset Advisors Inc. NY

Key Points

• Matrix Asset Advisors Inc. NY increased its holdings in Comcast Corporation by 13.0%, acquiring an additional 94,769 shares for a total of 822,810 shares, valued at approximately $29.37 million.
• Institutional investors own 84.32% of Comcast's stock, with several hedge funds recently adjusting their stakes during the second quarter.
• Comcast has declared a quarterly dividend of $0.33 per share, which equates to an annualized dividend of $1.32 and a dividend yield of 4.5%.

Matrix Asset Advisors Inc. NY boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 822,810 shares of the cable giant's stock after purchasing an additional 94,769 shares during the period. Comcast makes up 3.0% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 10th biggest position. Matrix Asset Advisors Inc. NY's holdings in Comcast were worth $29,366,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hemington Wealth Management grew its holdings in Comcast by 4.8% during the 2nd quarter. Hemington Wealth Management now owns 8,063 shares of the cable giant's stock worth $287,000 after acquiring an additional 368 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Comcast by 5.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 64,125 shares of the cable giant's stock worth $2,289,000 after acquiring an additional 3,356 shares in the last quarter. Natural Investments LLC grew its holdings in Comcast by 10.5% during the 2nd quarter. Natural Investments LLC now owns 16,173 shares of the cable giant's stock worth $577,000 after acquiring an additional 1,543 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in Comcast by 6.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 52,358 shares of the cable giant's stock worth $1,868,000 after acquiring an additional 3,082 shares in the last quarter. Finally, Lindenwold Advisors INC grew its holdings in Comcast by 2.9% during the 2nd quarter. Lindenwold Advisors INC now owns 29,727 shares of the cable giant's stock worth $1,061,000 after acquiring an additional 849 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Comcast in a report on Saturday, September 27th. The Goldman Sachs Group decreased their price objective on shares of Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Royal Bank Of Canada started coverage on shares of Comcast in a research report on Monday, September 8th. They issued a "sector perform" rating and a $38.00 price target on the stock. Finally, Moffett Nathanson raised their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.94.

Comcast Trading Down 2.1%

Shares of NASDAQ:CMCSA opened at $29.46 on Friday. The company has a market cap of $108.77 billion, a PE ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The company's 50-day moving average price is $32.48 and its 200 day moving average price is $33.93. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is 21.82%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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