Optimize Financial Inc Has $1.40 Million Stock Holdings in Comcast Corporation $CMCSA

Optimize Financial Inc raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 54.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,858 shares of the cable giant’s stock after acquiring an additional 13,303 shares during the quarter. Optimize Financial Inc’s holdings in Comcast were worth $1,397,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Woodline Partners LP lifted its stake in Comcast by 110.5% in the first quarter. Woodline Partners LP now owns 1,905,397 shares of the cable giant’s stock valued at $70,309,000 after acquiring an additional 1,000,083 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of Comcast by 52.7% in the first quarter. McIlrath & Eck LLC now owns 3,247 shares of the cable giant’s stock worth $120,000 after buying an additional 1,121 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Comcast by 53.8% in the first quarter. Empowered Funds LLC now owns 745,088 shares of the cable giant’s stock worth $27,494,000 after buying an additional 260,569 shares during the last quarter. Faithward Advisors LLC increased its position in Comcast by 7.3% during the first quarter. Faithward Advisors LLC now owns 7,400 shares of the cable giant’s stock worth $273,000 after acquiring an additional 501 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Comcast during the first quarter worth $321,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Royal Bank Of Canada initiated coverage on shares of Comcast in a research report on Monday. They set a “sector perform” rating and a $38.00 target price on the stock. Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Rosenblatt Securities boosted their target price on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Scotiabank boosted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.63.

Comcast Stock Up 0.3%

Shares of NASDAQ:CMCSA opened at $34.00 on Tuesday. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty day moving average is $34.00 and its 200-day moving average is $34.65. The company has a market capitalization of $125.54 billion, a PE ratio of 5.62, a P/E/G ratio of 2.03 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast’s dividend payout ratio is 21.82%.

Comcast 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.