26,820 Shares in Comcast Corporation $CMCSA Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,820 shares of the cable giant’s stock, valued at approximately $770,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Comcast in the fourth quarter worth $2,498,626,000. Capital World Investors grew its holdings in shares of Comcast by 20.8% in the fourth 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 during the last quarter. Capital Research Global Investors grew its holdings in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 824.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after buying an additional 10,359,800 shares during the period. Finally, State Street Corp increased its stake in Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. BNP Paribas Exane lowered their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group reduced their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Scotiabank set a $29.00 price target on shares of Comcast in a research note on Friday, July 24th. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Weiss Ratings cut Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.96.

Comcast Trading Up 1.7%

NASDAQ CMCSA opened at $24.61 on Thursday. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $87.91 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. The company’s 50-day simple moving average is $23.75 and its two-hundred day simple moving average is $27.17.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Equities analysts forecast that Comcast Corporation will post 3.5 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. Comcast’s dividend payout ratio is currently 42.72%.

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.