Comcast Corporation $CMCSA Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,740,535 shares of the cable giant’s stock after purchasing an additional 240,763 shares during the period. NEOS Investment Management LLC’s holdings in Comcast were worth $66,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Lowe Brockenbrough & Co. Inc. increased its position in Comcast by 4.9% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after buying an additional 352 shares during the period. Addison Advisors LLC boosted its holdings in shares of Comcast by 55.7% during the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 384 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Comcast by 48.2% during the first quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 389 shares during the period. PFG Investments LLC grew its position in shares of Comcast by 0.9% during the first quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock worth $1,199,000 after acquiring an additional 391 shares during the last quarter. Finally, CYBER HORNET ETFs LLC increased its holdings in shares of Comcast by 3.9% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 10,407 shares of the cable giant’s stock worth $327,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an “underweight” rating in a research note on Friday, July 24th. Morgan Stanley set a $29.00 price target on Comcast in a report on Friday, July 24th. Barclays set a $26.00 price objective on Comcast and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, UBS Group reissued a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.96.

Comcast Price Performance

NASDAQ CMCSA opened at $26.65 on Friday. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The firm has a market capitalization of $94.57 billion, a PE ratio of 8.62, a P/E/G ratio of 1.91 and a beta of 0.68. The company’s 50 day simple moving average is $24.79 and its 200 day simple moving average is $26.49. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, equities research analysts forecast that Comcast Corporation will post 3.52 EPS for the current fiscal 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 payout ratio is currently 42.72%.

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.