Estate Counselors LLC Takes Position in Comcast Corporation $CMCSA

Estate Counselors LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 108,125 shares of the cable giant’s stock, valued at approximately $3,397,000.

Several other hedge funds have also modified their holdings of the stock. QRG Capital Management Inc. increased its holdings in Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Comcast by 39.9% in 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 1,257,196 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in Comcast by 47.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 532,315 shares of the cable giant’s stock worth $18,998,000 after acquiring an additional 171,929 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Daiwa Capital Markets reduced their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Williams Trading set a $40.00 price objective on shares of Comcast in a report on Friday, October 31st. Loop Capital lowered their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Morgan Stanley cut their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Eleven analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.53.

Comcast Stock Up 0.2%

Shares of NASDAQ:CMCSA opened at $29.30 on Monday. The stock has a market capitalization of $106.77 billion, a price-to-earnings ratio of 4.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $38.40. The company’s fifty day moving average is $28.21 and its two-hundred day moving average is $30.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $31.20 billion during the quarter, compared to analyst estimates of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio is 21.96%.

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.