Sanctuary Advisors LLC Has $12.92 Million Position in Comcast Corporation $CMCSA

Sanctuary Advisors LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 13.8% during the first quarter, HoldingsChannel reports. The fund owned 449,940 shares of the cable giant’s stock after purchasing an additional 54,673 shares during the quarter. Sanctuary Advisors LLC’s holdings in Comcast were worth $12,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of Comcast in the 4th quarter valued at approximately $3,754,000. Vest Financial LLC grew its stake in shares of Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after buying an additional 97,601 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in Comcast by 53.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after buying an additional 72,129 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Comcast by 10.0% in the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock worth $1,295,200,000 after buying an additional 3,952,642 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 2.6%

Comcast stock opened at $24.10 on Friday. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.01. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $86.09 billion, a PE ratio of 4.74, a PEG ratio of 1.94 and a beta of 0.67. The business’s 50-day simple moving average is $24.04 and its 200-day simple moving average is $27.53.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast’s payout ratio is 25.98%.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast has recently shown relative strength versus the broader market, with one report noting the shares outperformed in the latest session and closed higher, suggesting some investors are still buying the dip ahead of earnings.
• Neutral Sentiment: The company is set to report earnings on Thursday, and analysts are framing the release as a key test of whether Comcast can beat expectations amid signs of declining earnings. Analysts Estimate Comcast (CMCSA) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 while keeping a sector perform rating, signaling reduced upside expectations rather than a major change in outlook.
• Neutral Sentiment: Wells Fargo also trimmed its price target to $28 from $29 and maintained an Underweight rating, reinforcing a cautious stance on the stock.
• Negative Sentiment: Comcast agreed to a $117.5 million settlement related to the Xfinity data breach, adding legal, reputational, and cybersecurity overhang ahead of earnings.

Analyst Ratings Changes

A number of research firms have issued reports on CMCSA. UBS Group reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Evercore raised their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group decreased their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Citigroup lowered their target price on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $33.64.

Comcast 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.