One Charles Private Wealth Services LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,836 shares of the cable giant’s stock, valued at approximately $276,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wagner Wealth Management LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $28,000. Newton One Investments LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $28,000. Lumature Wealth Partners LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $31,000. Baron Financial Group LLC boosted its holdings in Comcast by 688.6% in the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 482 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new stake in Comcast in the first quarter valued at approximately $37,000. 82.49% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on CMCSA. Morgan Stanley upped their target price on Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Truist upped their target price on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 30th. Benchmark upped their target price on Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 12th. Redburn Partners began coverage on Comcast in a report on Friday, June 25th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Raymond James upped their target price on Comcast from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, July 9th. One equities research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $64.93.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The business had revenue of $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Comcast had a return on equity of 14.15% and a net margin of 11.44%. Sell-side analysts forecast that Comcast Co. will post 3.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s payout ratio is currently 38.31%.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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