ProShare Advisors LLC Acquires 1,703,935 Shares of Comcast Corporation $CMCSA

ProShare Advisors LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,328,820 shares of the cable giant’s stock after purchasing an additional 1,703,935 shares during the period. ProShare Advisors LLC owned 0.17% of Comcast worth $189,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Capital Research Global Investors raised its position in Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after purchasing an additional 10,633,206 shares during the last quarter. State Street Corp raised its position in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC raised its position in Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. Two Sigma Investments LP raised its position in Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after purchasing an additional 6,105,867 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7%

CMCSA stock opened at $24.93 on Tuesday. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The business’s 50 day moving average price is $28.22 and its two-hundred day moving average price is $28.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization 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 posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion for 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 firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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 paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Comcast’s dividend payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CMCSA shares. Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Citigroup upped their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. UBS Group reduced their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.79.

Comcast 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.