Rakuten Investment Management Inc. Has $20.20 Million Holdings in Comcast Corporation $CMCSA

Rakuten Investment Management Inc. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 747.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 676,332 shares of the cable giant’s stock after purchasing an additional 596,553 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Comcast were worth $20,202,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its holdings in Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after purchasing an additional 113,461 shares during the last quarter. North Dakota State Investment Board acquired a new stake in Comcast during the 4th quarter valued at $3,754,000. Vest Financial LLC lifted its holdings in Comcast by 72.1% during the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after purchasing an additional 97,601 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Comcast by 9.7% during the third quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock worth $246,146,000 after buying an additional 693,156 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMCSA shares. Scotiabank lifted their target price on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Freedom Capital raised Comcast to a “hold” rating in a report on Friday. Royal Bank Of Canada lifted their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. BNP Paribas Exane dropped their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Finally, Rosenblatt Securities dropped their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average target price of $34.56.

Comcast Stock Down 2.2%

CMCSA stock opened at $23.97 on Tuesday. The company has a market cap of $85.63 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The business has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $28.31. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

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. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Sell-side analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is 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.