SG Trading Solutions LLC Makes New Investment in Comcast Corporation $CMCSA

SG Trading Solutions LLC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 37,592 shares of the cable giant’s stock, valued at approximately $1,124,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. State Street Corp lifted its stake in Comcast by 3.4% in the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares in the last quarter. Capital World Investors lifted its stake in Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Comcast by 0.4% during the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after purchasing an additional 399,596 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $22.43 on Friday. The firm has a market cap of $80.13 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 1.85 and a beta of 0.67. The company’s 50 day moving average is $25.94 and its 200 day moving average is $28.23. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 52-week low of $22.38 and a 52-week high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share 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 analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, sell-side analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

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 5.9%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. New Street Research reduced their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Citigroup boosted their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. BNP Paribas Exane reduced their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Moffett Nathanson dropped their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $34.52.

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.