Allworth Financial LP Grows Stock Position in Comcast Corporation $CMCSA

Allworth Financial LP boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 178.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,418 shares of the cable giant’s stock after buying an additional 161,879 shares during the period. Allworth Financial LP’s holdings in Comcast were worth $7,545,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its position in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after purchasing an additional 2,593 shares during the period. United Bank lifted its position in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the period. HUB Investment Partners LLC boosted its holdings in Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after purchasing an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income appeal and signaling management confidence in cash flow. Comcast Declares Quarterly Dividend
• Positive Sentiment: Zacks highlighted Comcast as one of the better-positioned names in a challenging cable industry, citing growing demand for high-speed internet and stronger media consumption as cord-cutting shifts the market toward broadband. 2 Stocks to Watch From a Challenging Cable Television Industry
• Positive Sentiment: Comcast continues expanding rural broadband access in Florida and Indiana through public-private partnerships, which supports long-term subscriber growth and reinforces the company’s core connectivity business. What Comcast (CMCSA)’s Dividend, Rural Broadband Push and Legal Settlement Means For Shareholders
• Neutral Sentiment: Comcast’s Sky unit is reportedly advancing talks to acquire ITV’s media and entertainment business, a deal that could be strategic but is still early and may require a performance-based payout structure. Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
• Negative Sentiment: Investor sentiment remains weighed down by Comcast’s $117.5 million data-breach settlement, which keeps cybersecurity, legal liability, and reputation risks in focus. Comcast’s US$117.5m Breach Settlement Puts Data Security Risks In Focus
• Negative Sentiment: Recent coverage also notes Comcast hit a new 12-month low after an analyst downgrade, underscoring ongoing concern about growth, competition, and margin pressure. Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low Following Analyst Downgrade

Comcast Price Performance

Shares of Comcast stock opened at $24.76 on Friday. The business’s fifty day moving average price is $28.36 and its 200 day moving average price is $28.74. Comcast Corporation has a twelve month low of $24.53 and a twelve month high of $36.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $88.45 billion, a P/E ratio of 4.87, a PEG ratio of 2.02 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the business posted $1.09 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 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 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. New Street Research decreased their price target on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group cut their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $34.79.

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.