Longfellow Investment Management Co. LLC Acquires 237,149 Shares of Comcast Corporation $CMCSA

Longfellow Investment Management Co. LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 669.7% during the fourth quarter, HoldingsChannel reports. The firm owned 272,560 shares of the cable giant’s stock after buying an additional 237,149 shares during the period. Comcast comprises about 1.8% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 9th biggest holding. Longfellow Investment Management Co. LLC’s holdings in Comcast were worth $8,147,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Comcast in the third quarter valued at $26,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast in the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Olistico Wealth LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $29,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Scotiabank boosted their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. New Street Research reduced their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Morgan Stanley upped their target price on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.82 on Friday. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The company has a 50 day moving average price of $26.77 and a 200 day moving average price of $28.42. The firm has a market capitalization of $85.09 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.94 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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. Comcast’s dividend payout ratio is presently 25.98%.

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.