Comcast Corporation $CMCSA Stake Boosted by Vise Technologies Inc.

Vise Technologies Inc. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 48.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,749 shares of the cable giant’s stock after purchasing an additional 38,228 shares during the quarter. Vise Technologies Inc.’s holdings in Comcast were worth $3,490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cora Capital Advisors LLC lifted its stake in Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the last quarter. FSA Advisors Inc. lifted its stake in Comcast by 5.5% in the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. lifted its stake in Comcast by 7.4% in the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares during the last quarter. WPG Advisers LLC lifted its stake in Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares during the last quarter. Finally, Addison Advisors LLC lifted 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 last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $23.82 on Friday. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The firm’s 50-day simple moving average is $26.77 and its 200 day simple moving average is $28.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $85.09 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

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 $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup raised their target price on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Friday, April 24th. Morgan Stanley raised their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. BNP Paribas Exane cut their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.56.

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.