34,434 Shares in Comcast Corporation $CMCSA Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 34,434 shares of the cable giant’s stock, valued at approximately $1,029,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. State Street Corp increased its holdings in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. Dodge & Cox increased its holdings in shares of Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after acquiring an additional 1,295,598 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Comcast by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock worth $1,081,179,000 after acquiring an additional 245,271 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMCSA shares. Royal Bank Of Canada raised their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. UBS Group reduced their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, BNP Paribas Exane reduced their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.79.

Comcast Price Performance

NASDAQ CMCSA opened at $24.88 on Thursday. The company has a 50 day simple moving average of $27.96 and a 200-day simple moving average of $28.66. 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 firm has a market capitalization of $88.88 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. Comcast Corporation has a 52-week low of $24.53 and a 52-week high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Equities research analysts predict that Comcast Corporation will post 3.58 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 5.3%. 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.