Comcast Corporation $CMCSA Shares Acquired by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Comcast stake by 41.8% in the first quarter, buying 185,564 additional shares and bringing its total holdings to 629,569 shares valued at about $18.1 million.
• Comcast reported stronger-than-expected quarterly results, with EPS of $0.79 versus estimates of $0.73 and revenue of $31.46 billion, up 5.3% year over year.
• The company declared a quarterly dividend of $0.33 per share, equal to an annualized yield of about 5.5%, while analysts currently have a consensus rating of Hold with an average price target of $34.40.

QRG Capital Management Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 41.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 629,569 shares of the cable giant's stock after acquiring an additional 185,564 shares during the quarter. QRG Capital Management Inc.'s holdings in Comcast were worth $18,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Imprint Wealth LLC purchased a new position in Comcast in the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast during the 4th quarter worth about $27,000. United Financial Planning Group LLC acquired a new stake in Comcast in the 3rd quarter valued at about $28,000. Olistico Wealth LLC acquired a new stake in Comcast in the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock valued at $30,000 after buying an additional 691 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA opened at $23.79 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $22.13 and a one year high of $36.40. The company has a market cap of $84.98 billion, a P/E ratio of 4.68, a PEG ratio of 1.95 and a beta of 0.67. The business's 50-day simple moving average is $24.75 and its 200-day simple moving average is $27.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts' expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, equities research analysts expect that Comcast Corporation will post 3.5 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast's dividend payout ratio (DPR) is presently 25.98%.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won't Fix What's Actually Broken

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMCSA. UBS Group reissued a "neutral" rating on shares of Comcast in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Comcast to a "hold" rating in a research note on Saturday, March 14th. Rosenblatt Securities upgraded shares of Comcast from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $31.00 in a report on Tuesday. Citigroup dropped their price objective on shares of Comcast from $35.50 to $32.00 and set a "buy" rating on the stock in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a "hold" rating to a "buy" rating and reduced their price objective for the company from $34.00 to $32.00 in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of "Hold" and an average price target of $34.40.

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.

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