Comcast Corporation $CMCSA Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 88.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 283,128 shares of the cable giant’s stock after acquiring an additional 132,669 shares during the period. Wealthfront Advisers LLC’s holdings in Comcast were worth $8,129,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CMCSA. Lowe Brockenbrough & Co. Inc. grew its position in Comcast by 4.9% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC raised its holdings in shares of Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after buying an additional 362 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Comcast by 7.4% in the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after buying an additional 377 shares during the last quarter. WPG Advisers LLC lifted its stake in shares of Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after buying an additional 384 shares during the period. Finally, Addison Advisors LLC lifted its stake 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 worth $32,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. The Goldman Sachs Group cut their target price on Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citigroup dropped their price target on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.64.

Comcast Stock Down 1.3%

CMCSA stock opened at $23.79 on Friday. The company has a market capitalization of $84.98 billion, a P/E ratio of 4.68, a price-to-earnings-growth ratio of 1.99 and a beta of 0.67. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The firm’s fifty day simple moving average is $24.00 and its 200-day simple moving average is $27.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities research analysts forecast that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Dividend Announcement

The business 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 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.