Comcast Corporation $CMCSA Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,677,870 shares of the cable giant’s stock after acquiring an additional 2,573,360 shares during the quarter. Comcast accounts for 0.7% of Pacer Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. Pacer Advisors Inc. owned 0.44% of Comcast worth $468,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Monetary Solutions Ltd purchased a new position in Comcast in the fourth quarter valued at approximately $32,000. Kera Capital Partners Inc. acquired a new position in Comcast during the fourth quarter valued at approximately $659,000. MV Capital Management Inc. purchased a new stake in Comcast during the fourth quarter worth approximately $259,000. Van Diest Capital LLC purchased a new stake in Comcast during the fourth quarter worth approximately $340,000. Finally, TMB Capital Partners LLC acquired a new stake in shares of Comcast in the fourth quarter worth $626,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. 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. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Moffett Nathanson decreased their target price on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $34.52.

Comcast Stock Performance

Comcast stock opened at $22.43 on Friday. Comcast Corporation has a 12-month low of $22.38 and a 12-month high of $36.66. The company has a market capitalization of $80.13 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.67. 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 firm’s fifty day moving average price is $25.94 and its 200 day moving average price is $28.23.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.