Comcast Corporation $CMCSA Stake Raised by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 116,749 shares of the cable giant’s stock after purchasing an additional 38,228 shares during the quarter. Vise Technologies Inc.’s holdings in Comcast were worth $3,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its position in Comcast by 7.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 992,858 shares of the cable giant’s stock worth $27,802,000 after acquiring an additional 71,997 shares in the last quarter. Sittner & Nelson LLC raised its holdings in Comcast by 137.3% during the 4th quarter. Sittner & Nelson LLC now owns 8,231 shares of the cable giant’s stock worth $258,000 after buying an additional 4,762 shares during the period. Platform Wealth Management LLC acquired a new stake in Comcast during the 4th quarter worth about $494,000. TD Asset Management Inc lifted its stake in Comcast by 7.0% during the fourth quarter. TD Asset Management Inc now owns 3,376,412 shares of the cable giant’s stock valued at $100,921,000 after buying an additional 220,200 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in Comcast by 2.5% during the fourth quarter. Cibc World Market Inc. now owns 917,388 shares of the cable giant’s stock valued at $25,687,000 after buying an additional 22,348 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Scotiabank upped their price objective on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Nine equities research 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, the stock presently has an average rating of “Hold” and an average price target of $34.56.

Comcast Trading Up 2.1%

NASDAQ:CMCSA opened at $23.82 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 fifty-two week low of $23.13 and a fifty-two week high of $36.66. The stock’s 50-day moving average is $26.77 and its two-hundred day moving average is $28.42. The stock has a market cap of $85.09 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its 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. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 dividend yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Comcast Company 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.