Comcast Corporation $CMCSA Holdings Boosted by AIA Group Ltd

AIA Group Ltd raised its position in Comcast Corporation (NASDAQ:CMCSA) by 9.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 520,306 shares of the cable giant’s stock after purchasing an additional 46,955 shares during the quarter. AIA Group Ltd’s holdings in Comcast were worth $14,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Comcast by 150.9% in the fourth 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. raised its position in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its stake in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares during the period. HUB Investment Partners LLC lifted its stake in shares of Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after acquiring an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC boosted its holdings in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after acquiring an additional 15,865 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $23.79 on Friday. Comcast Corporation has a fifty-two week low of $22.13 and a fifty-two week high of $36.01. The business has a 50-day moving average of $24.00 and a two-hundred day moving average of $27.50. The stock has a market capitalization of $84.98 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.96 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.

Comcast (NASDAQ:CMCSA) last posted 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. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. On average, equities research analysts predict that Comcast Corporation will post 3.48 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

Analyst Ratings Changes

A number of analysts have recently commented 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 cut their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and decreased their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Rosenblatt Securities raised Comcast from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $31.00 in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $28.00 price objective on shares of Comcast in a research report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $33.64.

About Comcast

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.