Clark Estates Inc. NY Purchases 18,144 Shares of Comcast Corporation $CMCSA

Clark Estates Inc. NY raised its position in Comcast Corporation (NASDAQ:CMCSA) by 41.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,100 shares of the cable giant’s stock after purchasing an additional 18,144 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $1,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Capital A Wealth Management LLC lifted 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 valued at $25,000 after acquiring an additional 436 shares in the last quarter. Avalon Trust Co raised its holdings in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the second quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter worth $31,000. Finally, Corsicana & Co. bought a new position in Comcast in the third quarter valued at $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. UBS Group lowered their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Loop Capital reduced their price target on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Williams Trading set a $40.00 price target on Comcast in a research report on Friday, October 31st. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of Comcast in a report on Tuesday, January 27th. Ten research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.90.

Comcast Price Performance

NASDAQ:CMCSA opened at $31.34 on Monday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.97. The firm has a market capitalization of $112.76 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 2.44 and a beta of 0.81. The stock’s 50 day moving average price is $29.71 and its two-hundred day moving average price is $30.03. 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 (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business 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 firm earned $0.96 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio is presently 24.58%.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

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.