Comprehensive Financial Consultants Institutional Inc. Has $4.22 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• Comprehensive Financial Consultants Institutional Inc. increased its stake in Comcast Corporation by 7.7%, owning 118,329 shares valued at approximately $4.22 million as of the last quarter.
• Several institutional investors, including QRG Capital Management and DAVENPORT & Co LLC, have raised their stakes in Comcast significantly, indicating strong interest in the stock.
• Comcast recently reported quarterly earnings exceeding analysts' expectations, with a net margin of 18.44% and an annual dividend yield of 4.3%.

Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 7.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,329 shares of the cable giant's stock after buying an additional 8,498 shares during the quarter. Comcast comprises 1.4% of Comprehensive Financial Consultants Institutional Inc.'s holdings, making the stock its 19th biggest position. Comprehensive Financial Consultants Institutional Inc.'s holdings in Comcast were worth $4,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its stake in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock valued at $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Advisor OS LLC raised its stake in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after purchasing an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after purchasing an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in Comcast in the first quarter valued at about $335,000. Finally, DAVENPORT & Co LLC raised its stake in Comcast by 41.7% in the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CMCSA. Scotiabank boosted their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. KeyCorp lowered their target price on Comcast from $45.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday. Bank of America lowered their target price on Comcast from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. UBS Group set a $43.00 target price on Comcast in a research note on Friday. Finally, Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus target price of $40.26.

Comcast Stock Performance

NASDAQ:CMCSA opened at $30.90 on Monday. The stock has a market cap of $114.09 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock's 50-day moving average is $32.73 and its 200-day moving average is $34.13. Comcast Corporation has a 1-year low of $30.38 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast's dividend payout ratio is presently 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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