22,690 Shares in Comcast Corporation $CMCSA Bought by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the first quarter, HoldingsChannel reports. The fund acquired 22,690 shares of the cable giant’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Imprint Wealth LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the 3rd quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast in the fourth quarter worth approximately $27,000. Olistico Wealth LLC acquired a new position in Comcast in the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. raised its position in Comcast by 212.6% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $23.79 on Friday. The firm has a market cap of $84.98 billion, a P/E ratio of 4.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. 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 business has a 50 day moving average price of $24.75 and a 200 day moving average price of $27.92. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.40.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts forecast that Comcast Corporation will post 3.5 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced 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 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%.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won’t Fix What’s Actually Broken

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMCSA shares. Scotiabank lifted their target price on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Evercore increased their price target on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.40.

Comcast 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.