Northwestern Mutual Wealth Management Co. Has $13.24 Million Stock Position in Comcast Corporation $CMCSA

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 60.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 442,876 shares of the cable giant’s stock after buying an additional 167,485 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Comcast were worth $13,238,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC acquired a new position in Comcast in the 3rd quarter valued at $26,000. United Financial Planning Group LLC acquired a new position in Comcast in the 3rd quarter valued at $28,000. Olistico Wealth LLC acquired a new position in Comcast in the 4th quarter valued at $29,000. Richardson Financial Services Inc. grew its stake in 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. Finally, Lodestone Wealth Management LLC acquired a new position in Comcast in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $24.88 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The firm has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $28.66. The company has a market cap of $88.88 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Royal Bank Of Canada raised their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Evercore raised their target price on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley raised their target price on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $34.79.

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.