Matrix Asset Advisors Inc. NY Buys 87,242 Shares of Comcast Corporation $CMCSA

Matrix Asset Advisors Inc. NY lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 991,213 shares of the cable giant’s stock after buying an additional 87,242 shares during the quarter. Comcast makes up about 2.0% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 21st largest position. Matrix Asset Advisors Inc. NY’s holdings in Comcast were worth $24,334,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CMCSA. Norges Bank purchased a new stake in Comcast in the 4th quarter worth $2,498,626,000. Capital World Investors grew its position in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 2.8%

Shares of NASDAQ CMCSA opened at $26.18 on Friday. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day moving average is $23.80 and its two-hundred day moving average is $26.90. The stock has a market capitalization of $92.90 billion, a P/E ratio of 8.47, a PEG ratio of 1.45 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. As a group, research analysts expect that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley set a $29.00 price target on Comcast in a research note on Friday, July 24th. New Street Research lowered their target price on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $32.96.

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.