Comcast Corporation $CMCSA Shares Purchased by Capital International Investors

Capital International Investors increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,284,483 shares of the cable giant’s stock after purchasing an additional 114,494 shares during the period. Capital International Investors’ holdings in Comcast were worth $456,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. increased its position in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC increased its position in Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares during the last quarter. FSA Advisors Inc. increased its position in Comcast by 5.5% during the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after purchasing an additional 376 shares during the last quarter. Oakworth Capital Inc. increased its position in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after purchasing an additional 377 shares during the last quarter. Finally, WPG Advisers LLC increased its position in Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after purchasing an additional 384 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $23.82 on Monday. The firm has a 50 day simple moving average of $26.77 and a 200-day simple moving average of $28.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.94 and a beta of 0.68.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada increased their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.56.

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.