ProShare Advisors LLC Boosts Stock Position in Comcast Corporation $CMCSA

ProShare Advisors LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 36.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,328,820 shares of the cable giant’s stock after buying an additional 1,703,935 shares during the quarter. ProShare Advisors LLC’s holdings in Comcast were worth $189,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after purchasing an additional 665,635 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after purchasing an additional 146,339 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its stake in Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after purchasing an additional 113,461 shares during the last quarter. Finally, Candriam S.C.A. boosted its stake in Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after purchasing an additional 32,262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CMCSA. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Friday, April 24th. BNP Paribas Exane lowered their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Royal Bank Of Canada increased their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.79.

Comcast Price Performance

NASDAQ CMCSA opened at $24.93 on Tuesday. The business’s fifty day moving average price is $28.22 and its 200-day moving average price is $28.71. The stock has a market capitalization of $89.06 billion, a price-to-earnings ratio of 4.91, a PEG 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. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.