Comcast Corporation $CMCSA Stock Holdings Boosted by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 118.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 77,645 shares of the cable giant’s stock after purchasing an additional 42,122 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Comcast were worth $2,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Davis Investment Partners LLC boosted its stake in Comcast by 46.3% during the first quarter. Davis Investment Partners LLC now owns 48,635 shares of the cable giant’s stock valued at $1,396,000 after buying an additional 15,393 shares in the last quarter. RFG Advisory LLC raised its position in Comcast by 2.5% in the first quarter. RFG Advisory LLC now owns 54,775 shares of the cable giant’s stock worth $1,573,000 after acquiring an additional 1,345 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Comcast by 21.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 83,270 shares of the cable giant’s stock worth $2,391,000 after acquiring an additional 14,603 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Comcast in the 1st quarter valued at about $10,791,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in Comcast in the 1st quarter valued at about $30,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Citigroup increased their target price on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Morgan Stanley lifted their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.50.

Comcast Stock Down 0.7%

NASDAQ:CMCSA opened at $22.64 on Thursday. The firm has a market capitalization of $80.88 billion, a price-to-earnings ratio of 4.46, a PEG ratio of 1.86 and a beta of 0.67. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.66. 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 business’s fifty day moving average price is $25.50 and its 200 day moving average price is $28.10.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping 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 firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend 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.