Tudor Financial Inc. Acquires 57,624 Shares of Comcast Corporation $CMCSA

Key Points

• Tudor Financial increased its Comcast stake by 5,904.1% in the second quarter, acquiring 57,624 additional shares and bringing its total holdings to 58,600 shares worth approximately $1.44 million.
• Analyst sentiment remains mixed, with Comcast receiving an overall “Hold” rating and a consensus price target of $32.96; the stock recently opened at $26.65.
• Comcast beat quarterly earnings and revenue expectations, reporting $1.04 in EPS and $29.94 billion in revenue, while declaring a quarterly dividend of $0.33 per share, equivalent to a 5.0% annual yield.

Tudor Financial Inc. grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5,904.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,600 shares of the cable giant's stock after acquiring an additional 57,624 shares during the quarter. Tudor Financial Inc.'s holdings in Comcast were worth $1,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. denkapparat Operations GmbH lifted its stake in Comcast by 19.3% in the 2nd quarter. denkapparat Operations GmbH now owns 85,844 shares of the cable giant's stock valued at $2,107,000 after purchasing an additional 13,872 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Comcast by 108.8% during the second quarter. Concurrent Investment Advisors LLC now owns 223,089 shares of the cable giant's stock worth $5,477,000 after buying an additional 116,224 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Comcast by 9.6% during the second quarter. NEOS Investment Management LLC now owns 2,740,535 shares of the cable giant's stock worth $66,376,000 after buying an additional 240,763 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Comcast by 55.1% during the second quarter. Continuum Advisory LLC now owns 13,775 shares of the cable giant's stock worth $338,000 after buying an additional 4,892 shares in the last quarter. Finally, Safeguard Investment Advisory Group LLC bought a new position in shares of Comcast in the 2nd quarter valued at $229,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMCSA. Citigroup lowered their target price on Comcast from $35.50 to $32.00 and set a "buy" rating for the company in a report on Monday, June 29th. Barclays set a $26.00 price target on Comcast and gave the company an "equal weight" rating in a research note on Friday, July 24th. UBS Group reaffirmed a "neutral" rating on shares of Comcast in a research note on Tuesday, June 23rd. Seaport Research Partners upgraded shares of Comcast from a "neutral" rating to a "buy" rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the stock an "underweight" rating in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $32.96.

Comcast Price Performance

Shares of CMCSA opened at $26.65 on Friday. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $94.57 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.68. The business has a 50-day moving average of $24.79 and a 200-day moving average of $26.49.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its 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 return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm's revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast's dividend payout ratio is currently 42.72%.

Comcast Company Profile

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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