Daiwa Securities Group Inc. Increases Holdings in Comcast Corporation $CMCSA

Daiwa Securities Group Inc. increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 992,858 shares of the cable giant’s stock after buying an additional 71,997 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Comcast were worth $27,802,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Comcast during the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast during the fourth quarter worth approximately $27,000. United Financial Planning Group LLC acquired a new stake in Comcast during the third quarter worth $28,000. Olistico Wealth LLC acquired a new stake in Comcast during the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its stake in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Rosenblatt Securities cut their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Trading Up 2.1%

CMCSA opened at $23.82 on Friday. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $28.42. The firm has a market cap of $85.09 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.90 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.