AustralianSuper Pty Ltd Boosts Stock Holdings in Comcast Corporation $CMCSA

AustralianSuper Pty Ltd grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,246,997 shares of the cable giant’s stock after buying an additional 795,374 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Comcast were worth $126,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMCSA. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the third quarter worth $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the fourth quarter worth $29,000. Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% in the fourth 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. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Comcast in the fourth quarter valued at $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. BNP Paribas Exane decreased their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley lifted their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Evercore upped their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup increased their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Price Performance

Comcast stock opened at $25.17 on Friday. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The business has a 50-day simple moving average of $28.50 and a 200 day simple moving average of $28.77. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $89.91 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 2.00 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. On average, research analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced 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 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 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.