Profund Advisors LLC Acquires 26,252 Shares of Comcast Corporation $CMCSA

Profund Advisors LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 365,368 shares of the cable giant’s stock after acquiring an additional 26,252 shares during the quarter. Profund Advisors LLC’s holdings in Comcast were worth $10,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Imprint Wealth LLC bought a new position in shares of Comcast in the third quarter worth $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast during the third quarter valued at about $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast in the fourth quarter worth about $29,000. Richardson Financial Services Inc. boosted its position in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.7%

Shares of CMCSA opened at $24.93 on Tuesday. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company has a market capitalization of $89.06 billion, a P/E ratio of 4.91, a P/E/G ratio of 1.99 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $28.22 and its 200 day simple moving average is $28.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business 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 business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. Sell-side analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.3%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Citigroup raised their price target on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Finally, Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.79.

About Comcast

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.