Voya Investment Management LLC Acquires 53,586 Shares of Comcast Corporation $CMCSA

Voya Investment Management LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,881,956 shares of the cable giant’s stock after purchasing an additional 53,586 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Comcast worth $59,131,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC lifted its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the period. Global Trust Asset Management LLC raised its position in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Avalon Trust Co boosted its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Comcast in the first quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Benchmark decreased their target price on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Daiwa Capital Markets dropped their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada decreased their price target on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $35.92.

Comcast Stock Down 2.3%

Shares of NASDAQ:CMCSA opened at $29.57 on Friday. The firm has a market cap of $107.75 billion, a P/E ratio of 4.92, a P/E/G ratio of 2.08 and a beta of 0.83. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.46. The business has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $31.65. 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 posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Comcast 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.