Neuberger Berman Group LLC Grows Stock Holdings in Comcast Corporation $CMCSA

Neuberger Berman Group LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,118,218 shares of the cable giant’s stock after buying an additional 95,774 shares during the period. Neuberger Berman Group LLC’s holdings in Comcast were worth $39,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC increased its holdings in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC increased its stake in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co raised its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter worth approximately $29,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Comcast during the second quarter valued at approximately $29,000. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several analyst reports. Williams Trading set a $40.00 price objective on Comcast in a research report on Friday, October 31st. Arete Research dropped their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Rosenblatt Securities lowered their price objective on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, December 1st. Finally, Cowen reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $35.78.

Comcast Stock Down 1.3%

CMCSA opened at $27.23 on Friday. The firm’s 50 day simple moving average is $28.09 and its two-hundred day simple moving average is $31.80. The company has a market capitalization of $99.22 billion, a PE ratio of 4.53, a PEG ratio of 1.87 and a beta of 0.83. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $40.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

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

Comcast Announces Dividend

The business also recently declared 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 is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is presently 21.96%.

About Comcast

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.