National Pension Service Boosts Stake in Comcast Corporation $CMCSA

National Pension Service raised its position in Comcast Corporation (NASDAQ:CMCSA) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,731,718 shares of the cable giant’s stock after purchasing an additional 711,757 shares during the quarter. National Pension Service’s holdings in Comcast were worth $272,507,000 as of its most recent SEC filing.

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

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $25.16 on Friday. The company has a market capitalization of $89.88 billion, a price-to-earnings ratio of 4.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $27.33 and a 200 day moving average of $28.57.

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

Comcast Dividend Announcement

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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Evercore upped their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. New Street Research lowered their target price on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Finally, Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.79.

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.