Comcast Corporation $CMCSA Shares Bought by Prudential PLC

Prudential PLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 22.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 202,864 shares of the cable giant’s stock after buying an additional 37,530 shares during the quarter. Prudential PLC’s holdings in Comcast were worth $6,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. State Street Corp raised its stake in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the last quarter. Dodge & Cox raised its stake in shares of Comcast by 1.2% during the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after buying an additional 1,295,598 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after buying an additional 1,465,428 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth $2,498,626,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 2.1%

CMCSA opened at $23.82 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $85.09 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. The business has a 50-day moving average of $26.77 and a two-hundred day moving average of $28.42. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The firm 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 is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Rosenblatt Securities cut their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday. Finally, New Street Research cut their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Nine 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.56.

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.