Torray Investment Partners LLC Takes Position in Comcast Corporation $CMCSA

Torray Investment Partners LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 555,067 shares of the cable giant’s stock, valued at approximately $15,936,000. Comcast comprises approximately 2.3% of Torray Investment Partners LLC’s holdings, making the stock its 20th largest position.

Several other large investors have also added to or reduced their stakes in the business. Imprint Wealth LLC bought a new position in shares of Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC increased its stake in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in Comcast in the third quarter worth $28,000. Finally, Olistico Wealth LLC purchased a new stake in Comcast in the 4th quarter worth about $29,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.0%

CMCSA traded up $0.23 on Friday, hitting $23.57. The company had a trading volume of 25,483,585 shares, compared to its average volume of 40,679,600. The firm has a market capitalization of $84.20 billion, a P/E ratio of 4.64, a P/E/G ratio of 1.92 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $24.27 and a 200-day simple moving average of $27.70. Comcast Corporation has a 52-week low of $22.13 and a 52-week high of $36.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share 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 for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Comcast Corporation will post 3.49 EPS 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 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank Of Canada boosted their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Monday. Citigroup reduced their target price on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Finally, Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.04.

Comcast Company 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.