Comcast Co. (NASDAQ:CMCSA) Position Boosted by XML Financial LLC

XML Financial LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 90.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,393 shares of the cable giant’s stock after buying an additional 13,452 shares during the quarter. XML Financial LLC’s holdings in Comcast were worth $833,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMCSA. Ironwood Wealth Management LLC. lifted its position in shares of Comcast by 2.4% during the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after purchasing an additional 363 shares during the last quarter. United Bank grew its holdings in shares of Comcast by 17.4% during the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after purchasing an additional 5,532 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Comcast by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after purchasing an additional 928,627 shares during the period. Covestor Ltd grew its stake in Comcast by 104.4% during the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after buying an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank acquired a new stake in Comcast in the first quarter worth $482,000. Institutional investors own 82.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Credit Suisse Group reduced their price target on shares of Comcast from $57.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, September 27th. Pivotal Research decreased their target price on shares of Comcast from $47.00 to $42.00 in a research report on Thursday, October 27th. Truist Financial raised Comcast from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, October 18th. Finally, Barclays decreased their target price on shares of Comcast from $42.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $44.57.

Comcast Stock Down 1.3 %

Shares of Comcast stock opened at $39.75 on Wednesday. The stock’s fifty day moving average is $36.12 and its 200-day moving average is $35.42. The firm has a market capitalization of $171.86 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. Comcast Co. has a 12-month low of $28.39 and a 12-month high of $50.98.

Comcast (NASDAQ:CMCSAGet Rating) last announced its earnings results on Thursday, October 27th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $29.85 billion for the quarter, compared to analyst estimates of $29.68 billion. Comcast had a return on equity of 17.61% and a net margin of 4.46%. Equities analysts anticipate that Comcast Co. will post 3.6 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, January 3rd. Comcast’s dividend payout ratio (DPR) is presently 93.91%.

About Comcast

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Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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