Cerity Partners LLC Purchases 169,900 Shares of Comcast Corporation $CMCSA

Cerity Partners LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 17.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,148,770 shares of the cable giant’s stock after buying an additional 169,900 shares during the quarter. Cerity Partners LLC’s holdings in Comcast were worth $34,337,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Norges Bank bought a new position in Comcast in the fourth quarter worth $2,498,626,000. Capital World Investors raised its holdings in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Capital Research Global Investors raised its holdings in Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares in the last quarter. State Street Corp raised its holdings in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. BNP Paribas Exane cut their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Scotiabank raised their price target on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Citigroup increased their price objective on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, New Street Research cut their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Price Performance

NASDAQ CMCSA opened at $23.97 on Thursday. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The stock has a 50-day moving average of $26.48 and a 200 day moving average of $28.36. The company has a market capitalization of $85.63 billion, a price-to-earnings ratio of 4.72, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the company earned $1.09 EPS. Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast 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. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

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.