Vanguard Personalized Indexing Management LLC Purchases 34,406 Shares of Comcast Corporation $CMCSA

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Comcast by 8.2% during the 2nd quarter, acquiring an additional 34,406 shares, bringing its total to 451,578 shares valued at approximately $16.1 million.
• Analysts have produced mixed ratings for Comcast, with a consensus target price of $39.94 and a current average rating of "Hold", indicating varying expectations for the stock’s performance.
• Comcast recently announced a quarterly dividend of $0.33 per share, translating to an annualized dividend yield of 4.5%, payable on October 22nd.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,578 shares of the cable giant's stock after purchasing an additional 34,406 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Comcast were worth $16,117,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new stake in Comcast during the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC lifted its position in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC lifted its position in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after acquiring an additional 671 shares during the last quarter. Abound Financial LLC purchased a new stake in Comcast during the first quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd purchased a new stake in Comcast during the first quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an "equal weight" rating in a report on Tuesday. Moffett Nathanson raised their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Arete Research raised shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.94.

Comcast Stock Down 2.1%

NASDAQ:CMCSA opened at $29.46 on Friday. The firm has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 1-year low of $29.42 and a 1-year high of $45.31. The company's fifty day moving average price is $32.48 and its 200-day moving average price is $33.93. 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 released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast's dividend payout ratio is presently 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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