Canada Post Corp Registered Pension Plan Acquires 64,127 Shares of Comcast Corporation $CMCSA

Canada Post Corp Registered Pension Plan raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 130.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,470 shares of the cable giant’s stock after acquiring an additional 64,127 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Comcast were worth $3,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. increased its stake in shares of Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after acquiring an additional 307 shares during the last quarter. Coign Capital Advisors LLC grew its holdings in Comcast by 2.1% during the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after purchasing an additional 324 shares during the period. OneAscent Family Office LLC increased its stake in Comcast by 4.9% in the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 332 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Comcast by 4.7% in the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares during the period. Finally, Lakeshore Capital Group Inc. boosted its position in shares of Comcast by 2.6% during the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after purchasing an additional 343 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.7%

NASDAQ:CMCSA opened at $31.37 on Friday. The company has a market cap of $114.31 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The business has a 50 day moving average price of $28.79 and a two-hundred day moving average price of $30.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

Several brokerages recently commented on CMCSA. Royal Bank Of Canada dropped their price objective on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Daiwa Securities Group decreased their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Loop Capital dropped their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $30.00 price target (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.90.

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.