ProShare Advisors LLC Increases Stake in Comcast Corporation $CMCSA

ProShare Advisors LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,718,518 shares of the cable giant’s stock after buying an additional 216,903 shares during the period. ProShare Advisors LLC’s holdings in Comcast were worth $204,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foster Group Inc. grew its position in shares of Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC boosted its position in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC grew its holdings in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the period. Webster Bank N. A. increased its position in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. raised its stake in shares of Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.1%

Shares of NASDAQ CMCSA opened at $27.35 on Monday. The business has a 50-day moving average of $30.76 and a two-hundred day moving average of $33.08. The company has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $44.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

A number of brokerages have commented on CMCSA. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, November 4th. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Evercore ISI lowered their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Benchmark decreased their price target on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Pivotal Research dropped their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.