Davidson Investment Advisors Buys 124,484 Shares of Comcast Corporation $CMCSA

Key Points

• Davidson Investment Advisors increased its stake in Comcast Corporation by 37.4%, acquiring 124,484 shares in the second quarter, bringing its total holdings to 457,691 shares valued at approximately $16.3 million.
• Several institutional investors made similar increases in their positions, with a majority of 84.32% of Comcast's stock now owned by institutional investors.
• The company recently declared a quarterly dividend of $0.33 per share, representing an annualized yield of 4.4%, with a payout ratio of 21.82%.

Davidson Investment Advisors lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 37.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,691 shares of the cable giant's stock after acquiring an additional 124,484 shares during the period. Davidson Investment Advisors' holdings in Comcast were worth $16,335,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock worth $25,867,000 after acquiring an additional 83,631 shares in the last quarter. Advisor OS LLC boosted its holdings in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Aberdeen Group plc boosted its holdings in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant's stock worth $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after purchasing an additional 118,839 shares during the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new position in Comcast during the first quarter worth $335,000. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Arete Research upgraded shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Bank of America cut their price target on shares of Comcast from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Comcast in a research note on Tuesday. UBS Group set a $43.00 price target on shares of Comcast in a research note on Friday, October 3rd. Finally, Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.94.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.72 on Thursday. The firm has a 50-day moving average of $32.32 and a 200-day moving average of $33.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $109.73 billion, a PE ratio of 4.91, a P/E/G ratio of 1.77 and a beta of 0.94. Comcast Corporation has a 52-week low of $29.39 and a 52-week high of $45.31.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors 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 yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Comcast Company Profile

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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