Bull Harbor Capital LLC Invests $737,000 in Comcast Corporation $CMCSA

Bull Harbor Capital LLC bought a new stake in Comcast Corporation (NASDAQ:CMCSA) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 25,656 shares of the cable giant’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Imprint Wealth LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the fourth quarter worth $27,000. Whipplewood Advisors LLC increased its stake in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the period. Main Street Group LTD bought a new stake in Comcast during the 1st quarter valued at $27,000. Finally, Richardson Financial Services Inc. boosted its position in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CMCSA. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 price target on shares of Comcast in a report on Monday, July 13th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. UBS Group reissued a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley set a $29.00 price target on Comcast in a research report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Down 3.8%

Shares of Comcast stock opened at $23.67 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 12-month low of $21.28 and a 12-month high of $34.45. The company has a market cap of $84.55 billion, a P/E ratio of 7.66, a PEG ratio of 2.02 and a beta of 0.67. The company’s fifty day simple moving average is $23.73 and its two-hundred day simple moving average is $27.14.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. Research analysts anticipate that Comcast Corporation will post 3.5 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.6%. Comcast’s dividend payout ratio (DPR) is 42.72%.

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.