Alps Advisors Inc. Boosts Position in Comcast Corporation $CMCSA

Alps Advisors Inc. grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,597,370 shares of the cable giant’s stock after buying an additional 175,560 shares during the period. Alps Advisors Inc.’s holdings in Comcast were worth $47,745,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Colrain Capital LLC increased its stake in shares of Comcast by 3.9% during the fourth quarter. Colrain Capital LLC now owns 229,000 shares of the cable giant’s stock valued at $6,845,000 after buying an additional 8,575 shares during the period. Hibernia Wealth Partners LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $204,000. Principal Securities Inc. increased its stake in shares of Comcast by 18.6% during the fourth quarter. Principal Securities Inc. now owns 170,980 shares of the cable giant’s stock valued at $5,111,000 after buying an additional 26,865 shares during the period. Aviva PLC increased its stake in shares of Comcast by 5.4% during the fourth quarter. Aviva PLC now owns 3,227,112 shares of the cable giant’s stock valued at $96,458,000 after buying an additional 166,068 shares during the period. Finally, Peterson Wealth Services increased its stake in shares of Comcast by 103.9% during the fourth quarter. Peterson Wealth Services now owns 38,148 shares of the cable giant’s stock valued at $1,140,000 after buying an additional 19,436 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. New Street Research reduced their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Scotiabank boosted their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. BNP Paribas Exane reduced their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Finally, Rosenblatt Securities reduced their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Nine 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 MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Stock Performance

NASDAQ CMCSA opened at $23.97 on Friday. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66. The stock has a market cap of $85.63 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.95 and a beta of 0.67. The stock’s fifty day moving average price is $26.39 and its 200-day moving average price is $28.34. 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 (NASDAQ:CMCSA) last released its 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 firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio 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.