25,890 Shares in Comcast Corporation $CMCSA Bought by Flagship Capital Management Inc.

Flagship Capital Management Inc. purchased a new position in Comcast Corporation (NASDAQ:CMCSA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,890 shares of the cable giant’s stock, valued at approximately $774,000.

Other hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Comcast by 39.9% in the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after purchasing an additional 300,898 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Comcast by 9.7% in the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after purchasing an additional 665,635 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after purchasing an additional 146,339 shares during the last quarter. Candriam S.C.A. lifted its stake in Comcast by 3.5% in the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd lifted its stake in Comcast by 1.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after purchasing an additional 113,461 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on CMCSA shares. Royal Bank Of Canada lowered their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Scotiabank dropped their target price on shares of Comcast from $35.25 to $34.00 and set a “sector perform” rating for the company in a report on Wednesday, April 1st. Finally, Arete Research set a $23.00 target price on shares of Comcast in a report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.68.

Comcast Stock Performance

Comcast stock opened at $28.31 on Friday. 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 50-day moving average of $30.19 and a 200-day moving average of $29.26. The firm has a market cap of $101.86 billion, a P/E ratio of 5.27, a P/E/G ratio of 2.33 and a beta of 0.80. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping 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 company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Comcast 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.