Cerity Partners LLC Raises Stake in Comcast Corporation $CMCSA

Cerity Partners LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,770 shares of the cable giant’s stock after buying an additional 169,900 shares during the quarter. Cerity Partners LLC’s holdings in Comcast were worth $34,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares in the last quarter. State Street Corp boosted its stake in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. Capital World Investors boosted its stake in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox boosted its stake in shares of Comcast by 1.2% during the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after purchasing an additional 1,295,598 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Comcast by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.97 on Thursday. The stock has a fifty day moving average of $26.48 and a 200 day moving average of $28.36. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The firm has a market capitalization of $85.63 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 1.94 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 announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping 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 company 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 firm’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors 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 dividend on an annualized basis and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup increased their price objective on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Morgan Stanley increased their price objective on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Friday, April 24th. Finally, Royal Bank Of Canada increased their price objective on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.56.

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.