31,372 Shares in Comcast Corporation $CMCSA Acquired by Winthrop Partners WNY LLC

Winthrop Partners WNY LLC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel reports. The fund acquired 31,372 shares of the cable giant’s stock, valued at approximately $938,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Norges Bank bought a new stake in Comcast during the 4th quarter valued at $2,498,626,000. Capital World Investors boosted its holdings in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the period. Capital Research Global Investors grew its position in shares of 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 in the last quarter. State Street Corp grew its position in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $22.43 on Friday. The business has a 50-day moving average of $25.83 and a 200 day moving average of $28.19. 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 Corporation has a 1-year low of $22.38 and a 1-year high of $36.66. The stock has a market capitalization of $80.13 billion, a PE ratio of 4.42, a P/E/G ratio of 1.83 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The business 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 $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.9%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMCSA shares. Rosenblatt Securities lowered their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Moffett Nathanson reduced their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. BNP Paribas Exane lowered their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. New Street Research lowered their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Citigroup lifted their target price 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. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $34.50.

Comcast 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.