Optimize Financial Inc Raises Holdings in Comcast Corporation $CMCSA

Key Points

• Optimize Financial Inc increased its stake in Comcast Corporation by 54.2%, acquiring a total of 37,858 shares valued at approximately $1.40 million.
• Comcast recently announced a quarterly dividend of $0.33 per share, reflecting a 3.9% yield based on its current stock price.
• According to recent analyst reports, Comcast has an average rating of "Hold" with target prices ranging from $34.00 to $45.00.

Optimize Financial Inc raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 54.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,858 shares of the cable giant's stock after purchasing an additional 13,303 shares during the period. Optimize Financial Inc's holdings in Comcast were worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dodge & Cox lifted its holdings in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Comcast by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock valued at $1,326,912,000 after acquiring an additional 4,991,891 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Comcast by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock valued at $977,880,000 after acquiring an additional 497,829 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Comcast in the 1st quarter valued at about $940,015,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMCSA shares. Arete Research raised shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a report on Friday, July 18th. UBS Group lowered their price target on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Rosenblatt Securities increased their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Comcast presently has a consensus rating of "Hold" and an average price target of $40.56.

Comcast Trading Down 1.0%

Shares of NASDAQ:CMCSA traded down $0.34 during trading on Friday, reaching $33.06. 23,842,060 shares of the company were exchanged, compared to its average volume of 19,553,770. The firm has a market capitalization of $122.06 billion, a PE ratio of 5.46, a P/E/G ratio of 2.00 and a beta of 0.93. The business's fifty day simple moving average is $33.79 and its 200-day simple moving average is $34.60. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. Comcast's dividend payout ratio (DPR) is 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.