Atalanta Sosnoff Capital LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Atalanta Sosnoff Capital LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 48.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,063,808 shares of the cable giant’s stock after acquiring an additional 670,490 shares during the quarter. Comcast makes up approximately 2.7% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 10th biggest holding. Atalanta Sosnoff Capital LLC’s holdings in Comcast were worth $115,429,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Comcast by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 391,480,518 shares of the cable giant’s stock worth $22,322,220,000 after acquiring an additional 3,978,161 shares during the last quarter. Capital International Investors boosted its stake in shares of Comcast by 2.9% in the 2nd quarter. Capital International Investors now owns 226,174,387 shares of the cable giant’s stock valued at $12,895,902,000 after purchasing an additional 6,432,001 shares during the last quarter. State Street Corp boosted its stake in shares of Comcast by 2.3% in the 2nd quarter. State Street Corp now owns 170,761,419 shares of the cable giant’s stock valued at $9,736,816,000 after purchasing an additional 3,795,262 shares during the last quarter. FMR LLC boosted its stake in shares of Comcast by 12.0% in the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock valued at $6,425,236,000 after purchasing an additional 12,066,751 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Comcast by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 75,017,749 shares of the cable giant’s stock valued at $4,265,121,000 after purchasing an additional 2,228,592 shares during the last quarter. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on CMCSA shares. Wells Fargo & Company reduced their target price on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, October 8th. Citigroup reduced their price objective on shares of Comcast from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, November 1st. Truist Securities lifted their price objective on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Truist lifted their price objective on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Finally, Morgan Stanley lifted their price objective on shares of Comcast from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $65.87.

Shares of Comcast stock opened at $51.88 on Thursday. The firm has a 50-day moving average of $54.21 and a 200-day moving average of $56.61. The stock has a market cap of $237.04 billion, a PE ratio of 16.74, a PEG ratio of 1.06 and a beta of 0.96. Comcast Co. has a 52-week low of $48.15 and a 52-week high of $61.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The company had revenue of $30.30 billion during the quarter, compared to analysts’ expectations of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. Comcast’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities research analysts predict that Comcast Co. will post 3.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Stockholders of record on Wednesday, January 5th will be given a $0.25 dividend. The ex-dividend date is Tuesday, January 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. Comcast’s payout ratio is presently 32.26%.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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