Investors Research Corp Purchases 15,397 Shares of Comcast Co. (NASDAQ:CMCSA)

Investors Research Corp boosted its position in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 242.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,746 shares of the cable giant’s stock after purchasing an additional 15,397 shares during the period. Investors Research Corp’s holdings in Comcast were worth $1,018,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tudor Investment Corp Et Al increased its position in Comcast by 1.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 104,726 shares of the cable giant’s stock valued at $5,857,000 after acquiring an additional 1,356 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $46,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $26,000. Cetera Advisors LLC grew its position in shares of Comcast by 34.3% during the 3rd quarter. Cetera Advisors LLC now owns 116,685 shares of the cable giant’s stock worth $6,526,000 after buying an additional 29,792 shares during the period. Finally, Headinvest LLC grew its position in shares of Comcast by 11.5% during the 3rd quarter. Headinvest LLC now owns 5,823 shares of the cable giant’s stock worth $326,000 after buying an additional 600 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Daniel C. Murdock sold 8,929 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. Following the transaction, the chief accounting officer now directly owns 1,817 shares of the company’s stock, valued at $80,856.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is currently owned by insiders.

CMCSA has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Comcast from $60.00 to $55.00 in a research report on Friday, April 29th. Pivotal Research decreased their price objective on shares of Comcast from $62.00 to $57.00 in a report on Thursday, April 28th. Truist Financial cut shares of Comcast from a “buy” rating to a “hold” rating and decreased their price objective for the company from $70.00 to $50.00 in a report on Tuesday, March 1st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, June 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $60.00 to $52.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $58.38.

CMCSA stock opened at $38.90 on Thursday. Comcast Co. has a twelve month low of $37.56 and a twelve month high of $61.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $176.34 billion, a PE ratio of 12.55, a PEG ratio of 0.80 and a beta of 0.96. The stock has a 50-day simple moving average of $42.48 and a two-hundred day simple moving average of $46.34.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The firm had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 3.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. Comcast’s dividend payout ratio (DPR) is presently 34.84%.

About Comcast (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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