Comcast Corporation $CMCSA Shares Purchased by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its position in Comcast Corporation (NASDAQ:CMCSA) by 16.5% in the third quarter, Holdings Channel reports. The fund owned 194,080 shares of the cable giant’s stock after buying an additional 27,508 shares during the period. Providence Capital Advisors LLC’s holdings in Comcast were worth $6,098,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMCSA. Wesbanco Bank Inc. raised its holdings in shares of Comcast by 106.0% in the 3rd quarter. Wesbanco Bank Inc. now owns 64,182 shares of the cable giant’s stock valued at $2,017,000 after purchasing an additional 33,028 shares in the last quarter. First National Trust Co increased its holdings in Comcast by 0.8% in the third quarter. First National Trust Co now owns 47,047 shares of the cable giant’s stock valued at $1,478,000 after buying an additional 387 shares during the last quarter. AlTi Global Inc. raised its stake in Comcast by 8.1% in the third quarter. AlTi Global Inc. now owns 33,268 shares of the cable giant’s stock valued at $1,045,000 after buying an additional 2,498 shares in the last quarter. Profund Advisors LLC lifted its holdings in Comcast by 3.1% during the 3rd quarter. Profund Advisors LLC now owns 339,116 shares of the cable giant’s stock worth $10,655,000 after buying an additional 10,090 shares during the last quarter. Finally, Western Wealth Management LLC boosted its position in shares of Comcast by 8.3% during the 3rd quarter. Western Wealth Management LLC now owns 13,048 shares of the cable giant’s stock worth $410,000 after acquiring an additional 998 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several research analyst reports. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Citigroup reissued a “buy” rating and set a $33.00 price objective (up previously from $32.79) on shares of Comcast in a report on Friday, January 30th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a report on Friday, January 30th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Benchmark reduced their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have 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 $34.90.

Comcast Stock Up 0.8%

CMCSA stock opened at $31.61 on Tuesday. The company has a market cap of $115.18 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. The company has a fifty day moving average price of $28.89 and a 200 day moving average price of $30.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the business posted $0.96 earnings per share. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast’s dividend payout ratio is currently 24.58%.

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.