Comcast Corporation $CMCSA Stake Boosted by Continuum Advisory LLC

Continuum Advisory LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,036 shares of the cable giant’s stock after buying an additional 17,087 shares during the quarter. Continuum Advisory LLC’s holdings in Comcast were worth $4,746,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC boosted its stake in 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 during the period. Global Trust Asset Management LLC boosted its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its position in shares of Comcast by 86.0% in the second 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. Avalon Trust Co grew its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Comcast during the first quarter valued at $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $29.87 on Tuesday. The firm has a market cap of $108.83 billion, a price-to-earnings ratio of 4.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The company’s fifty day moving average is $28.02 and its 200-day moving average is $31.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.40.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s dividend payout ratio is currently 21.96%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cowen restated a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Williams Trading set a $40.00 price target on shares of Comcast in a report on Friday, October 31st. Arete Research dropped their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Citigroup cut their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Sanford C. Bernstein lowered their price target on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.92.

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.