Natixis Advisors LLC Purchases 67,830 Shares of Comcast Corporation $CMCSA

Natixis Advisors LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,020,271 shares of the cable giant’s stock after acquiring an additional 67,830 shares during the quarter. Natixis Advisors LLC owned 0.06% of Comcast worth $56,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cora Capital Advisors LLC increased its position in shares of Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares during the last quarter. FSA Advisors Inc. boosted its holdings in shares of Comcast by 5.5% in the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. grew its position in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares during the period. WPG Advisers LLC grew its position in Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares during the period. Finally, Addison Advisors LLC increased its holdings in Comcast by 55.7% during the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after buying an additional 384 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 5.4%

Shares of Comcast stock opened at $23.52 on Thursday. The company has a market capitalization of $84.02 billion, a P/E ratio of 4.63, a P/E/G ratio of 2.02 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a fifty day moving average of $26.98 and a 200 day moving average of $28.48. Comcast Corporation has a fifty-two week low of $23.43 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.6%. Comcast’s payout ratio is currently 25.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMCSA. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. New Street Research lowered their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Finally, Evercore lifted their price objective on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.79.

About Comcast

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.