Atria Investments Inc Has $10.72 Million Stock Position in Comcast Corporation $CMCSA

Atria Investments Inc lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 341,030 shares of the cable giant’s stock after selling 40,491 shares during the period. Atria Investments Inc’s holdings in Comcast were worth $10,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Voya Financial Advisors Inc. boosted its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the period. RFG Advisory LLC grew its stake in Comcast by 0.8% in the 2nd quarter. RFG Advisory LLC now owns 64,998 shares of the cable giant’s stock valued at $2,320,000 after buying an additional 510 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Comcast in the 2nd quarter valued at about $168,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Comcast by 99.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 8,470 shares of the cable giant’s stock valued at $302,000 after acquiring an additional 4,218 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Moffett Nathanson reduced their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Williams Trading set a $40.00 price target on Comcast in a report on Friday, October 31st. Royal Bank Of Canada decreased their price objective on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Oppenheimer set a $38.00 target price on Comcast in a report on Tuesday, November 4th. Finally, Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.90.

Comcast Stock Performance

CMCSA opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97. The firm has a market cap of $115.95 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81. The business’s fifty day moving average is $29.19 and its 200-day moving average is $30.12.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

About Comcast

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.