Comcast Corporation $CMCSA Position Lifted by Continuum Advisory LLC

Continuum Advisory LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 12.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 151,036 shares of the cable giant’s stock after purchasing an additional 17,087 shares during the period. Continuum Advisory LLC’s holdings in Comcast were worth $4,746,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the period. Vanguard Group Inc. boosted its stake in Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. Aberdeen Group plc grew its position in Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after purchasing an additional 13,653 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after buying an additional 300,898 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $29.87 on Tuesday. 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 business’s 50-day moving average price is $28.02 and its 200 day moving average price is $31.38. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The firm has a market cap of $108.83 billion, a P/E ratio of 4.97, a PEG ratio of 2.04 and a beta of 0.83.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.4%. Comcast’s payout ratio is 21.96%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Morgan Stanley lowered their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 price objective (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. Rosenblatt Securities decreased their target price on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Finally, Pivotal Research dropped their price target 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. 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 company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $35.92.

About Comcast

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.