Comcast Corporation $CMCSA Stock Position Raised by Phoenix Wealth Advisors

Phoenix Wealth Advisors lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 171.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,576 shares of the cable giant’s stock after buying an additional 39,534 shares during the period. Phoenix Wealth Advisors’ holdings in Comcast were worth $2,233,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in Comcast during the 1st quarter worth $940,015,000. Dodge & Cox raised its stake in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after buying an additional 4,096,382 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CMCSA shares. Royal Bank Of Canada lowered their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Sanford C. Bernstein cut their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price target on shares of Comcast in a research report on Tuesday, November 4th. Rosenblatt Securities decreased their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.12.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.97 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $30.25 and its 200 day moving average price is $32.93. The firm has a market cap of $101.92 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.06.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.