Comcast Corporation $CMCSA Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,573,835 shares of the cable giant’s stock after buying an additional 50,897 shares during the period. Comcast makes up 1.8% of Brandes Investment Partners LP’s portfolio, making the stock its 14th biggest position. Brandes Investment Partners LP owned about 0.15% of Comcast worth $198,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Global Trust Asset Management LLC boosted its holdings in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC lifted its position in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Avalon Trust Co boosted its stake in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC increased its position in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMCSA shares. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. TD Cowen lowered their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Moffett Nathanson dropped their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Sanford C. Bernstein reduced their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, October 31st. Finally, Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.82.

Comcast Stock Performance

Shares of Comcast stock opened at $26.58 on Tuesday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $43.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $96.85 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The business has a fifty day simple moving average of $28.83 and a 200-day simple moving average of $32.27.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

About Comcast

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.