Providence Capital Advisors LLC Grows Position in Comcast Corporation $CMCSA

Providence Capital Advisors LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,080 shares of the cable giant’s stock after buying an additional 27,508 shares during the period. Providence Capital Advisors LLC’s holdings in Comcast were worth $6,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Comcast during the second quarter worth $3,528,361,000. Dodge & Cox raised its holdings in shares of Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. First Trust Advisors LP boosted its position in shares of Comcast by 133.1% during the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after purchasing an additional 4,240,876 shares during the period. Finally, State Street Corp increased its position in Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $31.61 on Tuesday. The company has a market cap of $115.18 billion, a P/E ratio of 5.89, a P/E/G ratio of 2.39 and a beta of 0.81. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. 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 stock has a 50-day moving average of $28.89 and a two-hundred day moving average of $30.10.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, 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, April 22nd. Investors of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast’s dividend payout ratio (DPR) is 24.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CMCSA shares. Arete Research set a $23.00 price target on shares of Comcast in a research note on Tuesday, January 6th. UBS Group lowered their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Oppenheimer set a $38.00 price objective on Comcast in a research report on Tuesday, November 4th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $34.90.

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.