Madison Asset Management LLC bought a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 120,300 shares of the cable giant's stock, valued at approximately $2,953,000.
Other institutional investors have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Comcast by 4.9% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant's stock worth $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC lifted its stake in Comcast by 3.4% in the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant's stock valued at $329,000 after purchasing an additional 362 shares during the last quarter. Oakworth Capital Inc. grew its holdings in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant's stock worth $164,000 after purchasing an additional 377 shares during the period. WPG Advisers LLC grew its holdings in Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant's stock worth $84,000 after purchasing an additional 384 shares during the period. Finally, Addison Advisors LLC raised its stake in Comcast by 55.7% in the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant's stock valued at $32,000 after buying an additional 384 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Comcast Stock Down 0.6%
CMCSA opened at $26.42 on Friday. The stock has a fifty day moving average of $24.03 and a 200-day moving average of $26.80. The company has a market capitalization of $93.76 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.51 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company posted $1.25 earnings per share. Comcast's revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Comcast Corporation will post 3.52 EPS for the current year.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th 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 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast's dividend payout ratio is presently 42.72%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on CMCSA shares. Freedom Capital upgraded Comcast to a "hold" rating in a research note on Friday, June 12th. KeyCorp restated a "sector weight" rating on shares of Comcast in a research note on Thursday, April 23rd. BNP Paribas Exane cut their price target on Comcast from $25.00 to $22.00 and set an "underperform" rating for the company in a report on Tuesday, July 14th. Weiss Ratings cut shares of Comcast from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $31.00 price objective on shares of Comcast in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.96.
View Our Latest Research Report on CMCSA
About Comcast
(
Free Report)
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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