Comcast Corporation $CMCSA Position Boosted by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 108.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,193 shares of the cable giant’s stock after buying an additional 28,668 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Comcast were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Voya Financial Advisors Inc. grew its position in Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares during the last quarter. United Bank raised its holdings in shares of Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC boosted its position in shares of Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after buying an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after buying an additional 15,865 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Negative Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 and kept a sector perform rating, signaling more cautious near-term expectations. Scotiabank cuts Comcast target
• Negative Sentiment: Wells Fargo trimmed its price target to $28 from $29 and maintained an underweight rating, suggesting the firm still sees limited upside. Wells Fargo view on Comcast
• Negative Sentiment: BNP Paribas Exane cut its target to $22 from $25 and reiterated an underperform rating, adding to the bearish analyst sentiment around CMCSA. BNP Paribas Exane cuts Comcast target
• Negative Sentiment: Comcast agreed to a $117.5 million settlement over the Xfinity data breach, which adds legal, reputational, and governance overhangs for investors. Xfinity data breach settlement
• Negative Sentiment: Bernstein cut price targets across major telecom names, including Comcast, citing valuation risk tied to SpaceX/Starlink’s potential direct-to-consumer mobile plans. Bernstein cuts telecom targets
• Neutral Sentiment: Some recent commentary argues Comcast may be trading below fair value after a roughly 49% five-year slide, which could support a rebound if fundamentals stabilize. Fair value article
• Neutral Sentiment: One market update noted Comcast has recently outperformed the broader market, but the move appears modest and does not offset the more prominent analyst and legal concerns. Market performance article

Wall Street Analyst Weigh In

Several analysts have weighed in on CMCSA shares. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. BNP Paribas Exane decreased their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada raised their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Evercore lifted 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, Morgan Stanley decreased their target price on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.64.

Comcast Stock Up 1.3%

Shares of CMCSA stock opened at $23.49 on Thursday. 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 firm has a market cap of $83.91 billion, a PE ratio of 4.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The stock has a 50 day moving average of $24.08 and a 200-day moving average of $27.57.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating 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 return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. On average, equities analysts predict that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 5.6%. Comcast’s dividend payout ratio is presently 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.