Comcast Corporation $CMCSA Stock Position Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,097,054 shares of the cable giant’s stock after buying an additional 172,429 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Comcast were worth $34,469,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. CW Advisors LLC increased its holdings in shares of Comcast by 34.8% in the first quarter. CW Advisors LLC now owns 134,107 shares of the cable giant’s stock valued at $4,943,000 after buying an additional 34,626 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Comcast by 3.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 40,081 shares of the cable giant’s stock valued at $1,468,000 after acquiring an additional 1,473 shares during the last quarter. Oak Harvest Investment Services boosted its stake in shares of Comcast by 5.4% during the 1st quarter. Oak Harvest Investment Services now owns 172,840 shares of the cable giant’s stock worth $6,378,000 after acquiring an additional 8,832 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its stake in shares of Comcast by 8.2% during the 1st quarter. Freedom Investment Management Inc. now owns 8,630 shares of the cable giant’s stock worth $318,000 after acquiring an additional 657 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $29.57 on Monday. The business’s 50-day moving average is $28.01 and its 200-day moving average is $31.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $107.75 billion, a price-to-earnings ratio of 4.92, a P/E/G ratio of 2.03 and a beta of 0.83. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion for the quarter. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed 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 4.5%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCSA. Rosenblatt Securities cut their target price on Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, December 1st. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Pivotal Research dropped their target price on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Daiwa Capital Markets cut their price target on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Finally, Scotiabank reduced their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.92.

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.