Comcast Corporation (NASDAQ:CMCSA) is Brandywine Global Investment Management LLC’s 5th Largest Position

Brandywine Global Investment Management LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.5% in the 1st quarter, Holdings Channel reports. The firm owned 7,428,720 shares of the cable giant’s stock after acquiring an additional 1,108,747 shares during the period. Comcast comprises 2.0% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 5th largest holding. Brandywine Global Investment Management LLC’s holdings in Comcast were worth $274,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the first quarter worth about $26,000. Abound Financial LLC bought a new position in Comcast during the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC grew its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 600 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 $32.90 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $121.47 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 1.98 and a beta of 0.92. The stock has a fifty day moving average of $34.38 and a 200 day moving average of $34.81. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.0%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Scotiabank increased their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. BNP Paribas Exane reduced their price target on shares of Comcast from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, April 25th. Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Finally, Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $40.73.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.