Profund Advisors LLC Raises Position in Comcast Corporation $CMCSA

Profund Advisors LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,368 shares of the cable giant’s stock after purchasing an additional 26,252 shares during the quarter. Profund Advisors LLC’s holdings in Comcast were worth $10,921,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Comcast by 9.7% during the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after purchasing an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Comcast by 75.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after purchasing an additional 146,339 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after purchasing an additional 113,461 shares in the last quarter. Finally, Candriam S.C.A. grew its position in Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $24.93 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a fifty day simple moving average of $28.22 and a two-hundred day simple moving average of $28.71. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The firm has a market cap of $89.06 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) 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 firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMCSA shares. Scotiabank lifted their target price on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, BNP Paribas Exane decreased their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast has a consensus 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.