DGS Capital Management LLC Has $2.09 Million Position in Comcast Corporation $CMCSA

DGS Capital Management LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 58.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,832 shares of the cable giant’s stock after acquiring an additional 26,835 shares during the period. DGS Capital Management LLC’s holdings in Comcast were worth $2,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Ascentis Independent Advisors lifted its position in Comcast by 39.3% during the first quarter. Ascentis Independent Advisors now owns 24,908 shares of the cable giant’s stock worth $715,000 after purchasing an additional 7,027 shares during the period. Stephens Inc. AR increased its holdings in Comcast by 7.7% in the 1st quarter. Stephens Inc. AR now owns 113,348 shares of the cable giant’s stock valued at $3,257,000 after buying an additional 8,094 shares during the period. NBT Bank N A NY raised its position in shares of Comcast by 4.1% in the 1st quarter. NBT Bank N A NY now owns 28,554 shares of the cable giant’s stock valued at $820,000 after buying an additional 1,134 shares in the last quarter. One River Asset Management LLC bought a new stake in shares of Comcast during the 1st quarter worth approximately $746,000. Finally, Hudson Edge Investment Partners Inc. lifted its holdings in shares of Comcast by 10.7% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 254,002 shares of the cable giant’s stock worth $7,292,000 after acquiring an additional 24,602 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

CMCSA stock opened at $23.79 on Monday. The stock has a market cap of $84.98 billion, a price-to-earnings ratio of 4.68, a P/E/G ratio of 1.95 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $27.92. Comcast Corporation has a 1 year low of $22.13 and a 1 year high of $36.40.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Research analysts anticipate that Comcast Corporation will post 3.5 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed 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 yield of 5.5%. Comcast’s payout ratio is currently 25.98%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. KeyCorp restated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Morgan Stanley raised their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Rosenblatt Securities upgraded Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $31.00 in a research note on Tuesday, June 30th. Finally, New Street Research lowered their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.40.

Comcast News Roundup

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

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.