17,800 Shares in Comcast Corporation $CMCSA Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,800 shares of the cable giant’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital A Wealth Management LLC increased its stake in shares of Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Cranbrook Wealth Management LLC boosted its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC grew its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co increased its holdings in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Comcast during the 1st quarter valued at about $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 2.3%

Shares of NASDAQ CMCSA opened at $29.57 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $107.75 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 2.08 and a beta of 0.83. The business’s 50 day moving average price is $28.01 and its 200-day moving average price is $31.65.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Moffett Nathanson lowered their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Citigroup reduced their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Loop Capital decreased their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $35.92.

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.