Cibc World Market Inc. Has $25.69 Million Stock Holdings in Comcast Corporation $CMCSA

Cibc World Market Inc. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,388 shares of the cable giant’s stock after purchasing an additional 22,348 shares during the quarter. Cibc World Market Inc.’s holdings in Comcast were worth $25,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Comcast in the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter valued at approximately $28,000. Olistico Wealth LLC bought a new stake in Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. increased its stake in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMCSA shares. Scotiabank lifted their price target on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. Evercore boosted their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada increased their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.79.

Comcast Stock Down 0.8%

Shares of CMCSA stock opened at $23.33 on Friday. The firm’s fifty day moving average price is $26.87 and its two-hundred day moving average price is $28.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66. The firm has a market capitalization of $83.34 billion, a P/E ratio of 4.59, a PEG ratio of 1.91 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, equities analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.