Comcast Corporation $CMCSA Stock Holdings Lifted by Osaic Holdings Inc.

Key Points

• Osaic Holdings raised its stake in Comcast by 39.9% in Q2 to 1,055,192 shares (about $37.95M), and institutional investors now own 84.32% of the company.
• Comcast trades at a low valuation (market cap ~$108.33B, P/E 4.95) and pays a quarterly dividend of $0.33 (annualized $1.32, 4.4% yield, payout ratio 21.96%).
• Analysts have trimmed targets recently; the consensus rating is Hold with an average price target of $35.78 (11 Buys, 21 Holds, 1 Sell).

Osaic Holdings Inc. lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 39.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,055,192 shares of the cable giant's stock after acquiring an additional 300,898 shares during the quarter. Osaic Holdings Inc.'s holdings in Comcast were worth $37,954,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Total Investment Management Inc. purchased a new stake in shares of Comcast in the second quarter valued at $33,000. Thrivent Financial for Lutherans lifted its stake in Comcast by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,793,287 shares of the cable giant's stock worth $99,675,000 after acquiring an additional 13,632 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Comcast during the 2nd quarter worth about $2,794,000. Neuberger Berman Group LLC increased its holdings in shares of Comcast by 9.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,118,218 shares of the cable giant's stock valued at $39,909,000 after purchasing an additional 95,774 shares during the period. Finally, TT Capital Management LLC acquired a new position in shares of Comcast in the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ CMCSA opened at $29.73 on Wednesday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $39.12. The stock's 50-day moving average is $28.02 and its two-hundred day moving average is $31.70. The firm has a market cap of $108.33 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. On average, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, January 14th. Comcast's payout ratio is presently 21.96%.

Analyst Ratings Changes

A number of research analysts recently commented on CMCSA shares. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $38.00 to $33.00 and set a "neutral" rating on the stock in a research report on Friday, October 31st. TD Cowen lowered their price target on shares of Comcast from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reiterated a "neutral" rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Bank of America lowered their target price on Comcast from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Finally, Sanford C. Bernstein cut their price target on Comcast from $36.00 to $34.00 and set a "market perform" rating for the company in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus price target of $35.78.

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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