Candriam S.C.A. Grows Stock Holdings in Comcast Corporation $CMCSA

Candriam S.C.A. lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 952,154 shares of the cable giant’s stock after purchasing an additional 32,262 shares during the quarter. Candriam S.C.A.’s holdings in Comcast were worth $29,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Brighton Jones LLC boosted its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. raised its holdings in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Comcast by 13.0% in the second quarter. Concurrent Investment Advisors LLC now owns 93,045 shares of the cable giant’s stock worth $3,321,000 after buying an additional 10,684 shares in the last quarter. OFI Invest Asset Management grew its holdings in shares of Comcast by 15.3% during the second quarter. OFI Invest Asset Management now owns 3,244 shares of the cable giant’s stock valued at $116,000 after buying an additional 431 shares during the last quarter. Finally, Welch Group LLC increased its position in shares of Comcast by 58.0% during the second quarter. Welch Group LLC now owns 9,126 shares of the cable giant’s stock valued at $326,000 after acquiring an additional 3,351 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.8%

Comcast stock opened at $31.61 on Tuesday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97. 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. 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 has a 50-day simple moving average of $28.89 and a two-hundred day simple moving average of $30.10.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Daiwa Securities Group lowered their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Finally, Morgan Stanley reduced their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.90.

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.