Matrix Asset Advisors Inc. NY Increases Stake in Comcast Corporation $CMCSA

Matrix Asset Advisors Inc. NY increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 50.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 903,971 shares of the cable giant’s stock after buying an additional 303,670 shares during the period. Comcast accounts for 2.4% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 16th biggest position. Matrix Asset Advisors Inc. NY’s holdings in Comcast were worth $25,953,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new stake in Comcast in the 3rd quarter worth approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the 3rd quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the 4th quarter worth about $27,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.1%

Shares of NASDAQ CMCSA opened at $23.20 on Monday. The firm’s fifty day moving average is $25.29 and its 200 day moving average is $28.04. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a market cap of $82.88 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 1.89 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last announced 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. 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 firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. BNP Paribas Exane decreased their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley upped their price target on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Evercore lifted their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Rosenblatt Securities lowered their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Nine analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.46.

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.