Pacer Advisors Inc. Buys 2,573,360 Shares of Comcast Corporation $CMCSA

Pacer Advisors Inc. raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,677,870 shares of the cable giant’s stock after purchasing an additional 2,573,360 shares during the period. Comcast accounts for approximately 0.7% of Pacer Advisors Inc.’s holdings, making the stock its 8th biggest position. Pacer Advisors Inc.’s holdings in Comcast were worth $468,612,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Vanguard Group Inc. boosted its stake in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after buying an additional 113,461 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Comcast in the fourth quarter valued at $3,754,000. Vest Financial LLC boosted its stake in Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after buying an additional 97,601 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Comcast by 9.7% during the third quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock valued at $246,146,000 after buying an additional 693,156 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Citigroup raised their price objective on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. BNP Paribas Exane lowered their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Finally, New Street Research reduced their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.52.

Comcast Stock Down 1.1%

Shares of Comcast stock opened at $22.43 on Friday. Comcast Corporation has a 12-month low of $22.38 and a 12-month high of $36.66. The firm has a market capitalization of $80.13 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.67. 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 stock’s fifty day moving average is $25.94 and its 200-day moving average is $28.23.

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, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Equities analysts anticipate 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. Shareholders of record on Wednesday, July 1st will be paid 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 5.9%. 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.