Brandes Investment Partners LP Has $179.17 Million Stake in Comcast Corporation $CMCSA

Brandes Investment Partners LP grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,994,421 shares of the cable giant’s stock after purchasing an additional 209,365 shares during the quarter. Comcast comprises about 1.4% of Brandes Investment Partners LP’s investment portfolio, making the stock its 23rd largest position. Brandes Investment Partners LP owned 0.16% of Comcast worth $179,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast during the fourth quarter worth $27,000. United Financial Planning Group LLC bought a new stake in shares of Comcast during the third quarter worth $28,000. Olistico Wealth LLC bought a new stake in shares of Comcast during the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. raised its position in shares of 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. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. New Street Research dropped their target price on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. BNP Paribas Exane dropped their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Rosenblatt Securities dropped their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Trading Up 0.4%

NASDAQ CMCSA opened at $23.85 on Wednesday. The stock has a 50-day simple moving average of $26.58 and a 200 day simple moving average of $28.38. The company has a market capitalization of $85.20 billion, a PE ratio of 4.69, a P/E/G ratio of 1.93 and a beta of 0.67. 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 12 month low of $23.13 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $30.42 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. 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 is 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.