World Investment Advisors Grows Position in Comcast Corporation $CMCSA

World Investment Advisors increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 328,962 shares of the cable giant’s stock after buying an additional 47,936 shares during the quarter. World Investment Advisors’ holdings in Comcast were worth $9,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its stake in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. BNP Paribas Exane lowered their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Sanford C. Bernstein lowered their target price on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Finally, TD Cowen lowered their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.79.

Comcast Stock Up 0.2%

Comcast stock opened at $24.94 on Thursday. 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 Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company has a market cap of $89.09 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 2.00 and a beta of 0.71. The stock’s 50 day moving average price is $28.62 and its 200 day moving average price is $28.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.3%. Comcast’s payout ratio is currently 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.