Dockside LLC Makes New $952,000 Investment in Comcast Corporation $CMCSA

Dockside LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 31,840 shares of the cable giant’s stock, valued at approximately $952,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Comcast during the 3rd quarter worth about $26,000. United Financial Planning Group LLC bought a new position in Comcast during the 3rd quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the 4th quarter worth about $27,000. Olistico Wealth LLC bought a new position in Comcast during the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. grew its holdings in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Finally, Rosenblatt Securities lowered their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.56.

Comcast Price Performance

NASDAQ:CMCSA opened at $24.50 on Monday. The stock has a market capitalization of $87.52 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.99 and a beta of 0.68. 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 company’s 50-day simple moving average is $26.32 and its 200-day simple moving average is $28.32. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. On average, equities analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business 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 $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

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.