Comcast Corporation $CMCSA Position Increased by Godsey & Gibb Inc.

Godsey & Gibb Inc. increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,221 shares of the cable giant’s stock after buying an additional 47,409 shares during the quarter. Godsey & Gibb Inc.’s holdings in Comcast were worth $16,285,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Comcast in the third quarter valued at $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter worth about $27,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 2.2%

Shares of NASDAQ:CMCSA opened at $22.80 on Wednesday. The company has a 50 day moving average of $25.61 and a 200-day moving average of $28.13. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market cap of $81.45 billion, a P/E ratio of 4.49, a P/E/G ratio of 1.82 and a beta of 0.67. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analyst Ratings Changes

A number of research analysts have issued reports on CMCSA shares. Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Rosenblatt Securities cut their price target on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Friday, April 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.50.

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.