Comcast Corporation $CMCSA Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.3% during the 1st quarter, HoldingsChannel reports. The firm owned 597,819 shares of the cable giant’s stock after purchasing an additional 55,737 shares during the period. Sequoia Financial Advisors LLC’s holdings in Comcast were worth $17,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Comcast during the fourth quarter worth about $2,498,626,000. Capital World Investors lifted its position in Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the period. Capital Research Global Investors lifted its position in Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after acquiring an additional 21,958,603 shares during the period. State Street Corp grew its stake in shares of Comcast by 4.6% in 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. Finally, SG Americas Securities LLC raised its stake in shares of Comcast by 2,970.5% during the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA traded up $0.23 on Friday, hitting $23.57. 25,483,585 shares of the company were exchanged, compared to its average volume of 40,679,600. 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 business’s fifty day moving average is $24.27 and its 200 day moving average is $27.70. Comcast Corporation has a fifty-two week low of $22.13 and a fifty-two week high of $36.01. The firm has a market capitalization of $84.20 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley lowered their target price on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. The Goldman Sachs Group cut their price target on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Evercore lifted their price objective on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company cut their target price on Comcast from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, July 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $34.04.

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.