Vestmark Advisory Solutions Inc. Acquires 911,219 Shares of Comcast Corporation $CMCSA

Vestmark Advisory Solutions Inc. lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3,584.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 936,640 shares of the cable giant’s stock after acquiring an additional 911,219 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Comcast were worth $27,996,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC bought a new position in shares of Comcast in the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast in the fourth quarter worth about $27,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the third quarter worth about $28,000. Olistico Wealth LLC bought a new position in shares of Comcast in the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. boosted its stake 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. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $25.08 on Friday. 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 company has a market capitalization of $89.59 billion, a P/E ratio of 4.94, a P/E/G ratio of 2.00 and a beta of 0.71. Comcast Corporation has a 12 month low of $24.53 and a 12 month high of $36.66. The business’s 50-day moving average is $27.84 and its 200 day moving average is $28.64.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMCSA shares. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Evercore upped their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.79.

Comcast 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.