Prudential PLC Boosts Holdings in Comcast Corporation $CMCSA

Prudential PLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,864 shares of the cable giant’s stock after buying an additional 37,530 shares during the quarter. Prudential PLC’s holdings in Comcast were worth $6,064,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMCSA. Imprint Wealth LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast during the 4th quarter worth about $27,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the 4th quarter worth about $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 worth $30,000 after purchasing an additional 691 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Friday, April 24th. Finally, Scotiabank boosted their target price on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Stock Up 2.1%

NASDAQ CMCSA opened at $23.82 on Friday. The stock has a market cap of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The business has a 50 day moving average price of $26.77 and a two-hundred day moving average price of $28.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 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.