243,172 Shares in Comcast Corporation $CMCSA Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 243,172 shares of the cable giant’s stock, valued at approximately $6,981,000.

A number of other hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the 4th quarter worth $27,000. Whipplewood Advisors LLC raised its position in Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Olistico Wealth LLC acquired a new position in Comcast during the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. grew its position in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 1.3%

CMCSA opened at $23.79 on Friday. Comcast Corporation has a fifty-two week low of $22.13 and a fifty-two week high of $36.01. The firm has a market capitalization of $84.98 billion, a PE ratio of 4.68, a P/E/G ratio of 1.99 and a beta of 0.67. 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 company’s 50-day moving average is $24.00 and its 200 day moving average is $27.50.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during 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 company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. Morgan Stanley decreased their price target on Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. UBS Group reaffirmed a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Rosenblatt Securities upgraded Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $31.00 in a report on Tuesday, June 30th. BNP Paribas Exane decreased their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday. Finally, Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $33.64.

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.