Cidel Asset Management Inc. Increases Holdings in Comcast Corporation $CMCSA

Cidel Asset Management Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 52.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,116 shares of the cable giant’s stock after acquiring an additional 33,545 shares during the period. Cidel Asset Management Inc.’s holdings in Comcast were worth $2,817,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Anchyra Partners LLC boosted its position in shares of Comcast by 4.8% in the 1st quarter. Anchyra Partners LLC now owns 24,081 shares of the cable giant’s stock worth $691,000 after buying an additional 1,100 shares in the last quarter. Atlas Brown Inc. increased its holdings in Comcast by 3.7% during the 1st quarter. Atlas Brown Inc. now owns 32,469 shares of the cable giant’s stock valued at $932,000 after acquiring an additional 1,145 shares in the last quarter. Intergy Private Wealth LLC acquired a new position in Comcast during the first quarter worth about $267,000. Brookstone Capital Management raised its position in Comcast by 20.2% during the first quarter. Brookstone Capital Management now owns 51,254 shares of the cable giant’s stock worth $1,472,000 after acquiring an additional 8,616 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Comcast by 36.2% in the first quarter. SG Americas Securities LLC now owns 10,074,374 shares of the cable giant’s stock valued at $289,235,000 after purchasing an additional 2,679,646 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $22.80 on Wednesday. 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 has a market cap of $81.45 billion, a PE ratio of 4.49, a P/E/G ratio of 1.82 and a beta of 0.67. The firm has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $28.13. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the business earned $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The firm 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.8%. Comcast’s dividend payout ratio is 25.98%.

Analyst Ratings Changes

Several analysts have recently commented on CMCSA shares. Evercore increased their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup upped their target price on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Morgan Stanley raised their price target on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Rosenblatt Securities cut their price target on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.50.

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.