Rockefeller Capital Management L.P. Grows Position in Comcast Corporation $CMCSA

Rockefeller Capital Management L.P. grew its position in Comcast Corporation (NASDAQ:CMCSA) by 217.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,218,001 shares of the cable giant’s stock after purchasing an additional 834,891 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Comcast were worth $36,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter valued at $27,000. United Financial Planning Group LLC purchased a new position in shares of Comcast in the 3rd quarter worth $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast in the 4th quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its holdings 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 worth $30,000 after buying an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CMCSA shares. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Moffett Nathanson reduced their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.50.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $22.43 on Monday. 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 $22.38 and a 12 month high of $36.66. The company has a market capitalization of $80.13 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.68. The firm’s 50-day moving average is $25.83 and its 200 day moving average is $28.20.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts predict 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. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. 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.