Winthrop Partners WNY LLC Makes New Investment in Comcast Corporation $CMCSA

Winthrop Partners WNY LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,372 shares of the cable giant’s stock, valued at approximately $938,000.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Imprint Wealth LLC acquired a new stake in Comcast during the third quarter worth about $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast during the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $22.43 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a twelve month low of $22.38 and a twelve month high of $36.66. The company has a fifty day moving average of $25.83 and a 200-day moving average of $28.19. The firm has a market capitalization of $80.13 billion, a P/E ratio of 4.42, a P/E/G ratio of 1.83 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

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 issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.9%. Comcast’s dividend payout ratio is 25.98%.

Analysts Set New Price Targets

Several research analysts have commented on CMCSA shares. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Evercore increased their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Friday, April 24th. Finally, Morgan Stanley upped their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $34.50.

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.