Verity & Verity LLC Boosts Stake in Comcast Corporation $CMCSA

Verity & Verity LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,223 shares of the cable giant’s stock after purchasing an additional 24,390 shares during the quarter. Verity & Verity LLC’s holdings in Comcast were worth $14,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast in the third quarter worth $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. United Financial Planning Group LLC purchased a new position in shares of Comcast in the third quarter worth $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast in the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. raised 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 purchasing an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $24.87 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a one year low of $24.53 and a one year high of $36.66. The firm has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a PEG ratio of 2.00 and a beta of 0.71. The business has a fifty day moving average of $27.26 and a 200 day moving average of $28.54.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Evercore lifted their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Friday, April 24th. Finally, Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. 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 company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $34.79.

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.