Comcast Corporation $CMCSA Stock Holdings Increased by Harbor Island Capital LLC

Harbor Island Capital LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 43.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,401 shares of the cable giant’s stock after buying an additional 93,608 shares during the quarter. Comcast comprises 4.2% of Harbor Island Capital LLC’s portfolio, making the stock its 12th largest position. Harbor Island Capital LLC’s holdings in Comcast were worth $9,753,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC increased its stake in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC lifted its holdings in Comcast by 906.8% in the 2nd 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 during the last quarter. Avalon Trust Co grew its position in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Comcast in the first quarter worth approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $29.54 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $107.64 billion, a P/E ratio of 4.92, a PEG ratio of 2.07 and a beta of 0.81. The business has a 50-day moving average of $28.04 and a 200-day moving average of $31.24. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40.

Comcast (NASDAQ:CMCSA) last released 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 business had revenue of $30.34 billion for the quarter. On average, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current 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 given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is currently 21.96%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMCSA shares. UBS Group reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Comcast in a research report on Thursday, December 18th. Evercore ISI cut their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. BNP Paribas Exane boosted their target price on shares of Comcast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Williams Trading set a $40.00 price target on Comcast in a report on Friday, October 31st. Finally, Barclays reduced their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus 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.