Global Retirement Partners LLC Grows Holdings in Comcast Corporation $CMCSA

Global Retirement Partners LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 34.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,562 shares of the cable giant’s stock after buying an additional 20,231 shares during the period. Global Retirement Partners LLC’s holdings in Comcast were worth $2,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mach 1 Financial Group LLC grew its stake in Comcast by 486.4% in the 4th quarter. Mach 1 Financial Group LLC now owns 54,363 shares of the cable giant’s stock worth $1,625,000 after buying an additional 45,093 shares in the last quarter. Hi Line Capital Management LLC grew its stake in Comcast by 5.4% in the 4th quarter. Hi Line Capital Management LLC now owns 261,485 shares of the cable giant’s stock worth $7,816,000 after buying an additional 13,442 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in Comcast in the 4th quarter worth approximately $1,029,000. Leonteq Securities AG purchased a new position in Comcast in the 4th quarter worth approximately $638,000. Finally, ABN Amro Investment Solutions grew its stake in Comcast by 55.8% in the 4th quarter. ABN Amro Investment Solutions now owns 285,430 shares of the cable giant’s stock worth $8,532,000 after buying an additional 102,276 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CMCSA. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Friday, April 24th. Morgan Stanley boosted their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Citigroup boosted their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Scotiabank boosted their price target on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.79.

Comcast Trading Up 0.5%

Shares of CMCSA opened at $25.20 on Friday. The firm has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 2.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The firm has a 50 day moving average price of $27.73 and a 200-day moving average price of $28.62.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm 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 business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. As a group, equities research analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

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.