110,943 Shares in Comcast Corporation $CMCSA Acquired by Investment House LLC

Investment House LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 110,943 shares of the cable giant’s stock, valued at approximately $3,316,000.

Other large investors have also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the 4th quarter worth approximately $27,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. raised its stake 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 worth $30,000 after acquiring an additional 691 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CMCSA shares. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. KeyCorp restated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, TD Cowen cut their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $34.79.

Comcast Stock Down 0.5%

NASDAQ:CMCSA opened at $24.80 on Wednesday. The firm has a market capitalization of $88.59 billion, a P/E ratio of 4.88, a PEG ratio of 2.00 and a beta of 0.71. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company’s fifty day moving average price is $28.08 and its 200-day moving average price is $28.68. 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 (NASDAQ:CMCSA) last announced its quarterly 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 the consensus estimate of $30.42 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. Comcast’s dividend payout ratio is 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.