Ellsworth Advisors LLC Acquires New Shares in Comcast Corporation $CMCSA

Ellsworth Advisors LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,671 shares of the cable giant’s stock, valued at approximately $1,796,000.

A number of other large investors have also made changes to their positions in the company. Dodge & Cox increased its position in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Comcast by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock valued at $1,326,912,000 after buying an additional 4,991,891 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after buying an additional 926,663 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Comcast by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock valued at $977,880,000 after buying an additional 497,829 shares in the last quarter. Finally, Nuveen LLC bought a new position in Comcast during the 1st quarter worth about $940,015,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CMCSA shares. Moffett Nathanson boosted their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Royal Bank Of Canada started coverage on Comcast in a report on Monday. They issued a “sector perform” rating and a $38.00 price target on the stock. Morgan Stanley cut their price target on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. Sanford C. Bernstein cut their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.56.

Comcast Trading Down 0.6%

Comcast stock opened at $33.48 on Thursday. The firm has a 50-day moving average of $33.90 and a 200-day moving average of $34.64. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $123.62 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 2.02 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business posted $1.21 EPS. Comcast’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.