Comcast Corporation $CMCSA is Aster Capital Management DIFC Ltd’s 7th Largest Position

Aster Capital Management DIFC Ltd lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 1,057.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,739 shares of the cable giant’s stock after acquiring an additional 158,734 shares during the period. Comcast accounts for approximately 2.3% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 7th biggest holding. Aster Capital Management DIFC Ltd’s holdings in Comcast were worth $5,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new position in shares of Comcast in the 3rd quarter valued at $26,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast in the 4th quarter valued at $27,000. Olistico Wealth LLC acquired a new position in shares of Comcast in the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. increased its position in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. New Street Research cut their price target on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley increased their price target on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Price Performance

NASDAQ:CMCSA opened at $23.97 on Tuesday. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $85.63 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The stock’s 50-day moving average price is $26.24 and its 200-day moving average price is $28.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results 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 firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business 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 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.