Comcast Corporation $CMCSA Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 34.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 981,251 shares of the cable giant’s stock after purchasing an additional 249,836 shares during the period. Empowered Funds LLC’s holdings in Comcast were worth $27,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Comcast during the fourth quarter worth $2,498,626,000. Capital World Investors boosted its holdings in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Capital Research Global Investors boosted its holdings in Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after purchasing an additional 21,958,603 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Comcast by 824.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares in the last quarter. Finally, State Street Corp grew its stake in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $22.80 on Tuesday. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $81.45 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. The business’s fifty day moving average price is $23.77 and its 200 day moving average price is $27.23.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 3.47 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Rosenblatt Securities restated a “buy” rating and set a $31.00 target price on shares of Comcast in a research note on Friday. Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the stock an “underweight” rating in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.96.

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.