28,504 Shares in Comcast Corporation $CMCSA Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. bought a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, HoldingsChannel reports. The firm bought 28,504 shares of the cable giant’s stock, valued at approximately $852,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Imprint Wealth LLC acquired a new position in Comcast in the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the fourth quarter valued at about $27,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the 3rd quarter worth about $28,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. grew its position in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Citigroup increased their target price on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Morgan Stanley increased their target price on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. BNP Paribas Exane cut their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.56.

Comcast Price Performance

Shares of Comcast stock opened at $24.50 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $87.52 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Comcast Corporation has a 52-week low of $23.13 and a 52-week high of $36.66. The company has a 50-day simple moving average of $26.32 and a two-hundred day simple moving average of $28.32.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share 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 firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.4%. 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.