79,779 Shares in Comcast Corporation $CMCSA Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 79,779 shares of the cable giant’s stock, valued at approximately $2,507,000.

A number of other large investors have also modified their holdings of CMCSA. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares in the last quarter. Avalon Trust Co raised its stake in shares of Comcast by 433.3% during the 2nd 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 period. Howard Hughes Medical Institute purchased a new position in shares of Comcast during the 2nd quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC grew its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $29.30 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. 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 has a market capitalization of $106.77 billion, a PE ratio of 4.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The business has a 50 day simple moving average of $28.21 and a 200-day simple moving average of $30.58.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is currently 21.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. 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 31st. Benchmark lowered their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Barclays set a $28.00 target price on Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, BNP Paribas Exane lifted their price target on Comcast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Eleven analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.53.

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.