Investment House LLC Makes New $3.32 Million Investment in Comcast Corporation $CMCSA

Investment House LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 110,943 shares of the cable giant’s stock, valued at approximately $3,316,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new stake in Comcast in the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast in the fourth quarter worth about $27,000. United Financial Planning Group LLC bought a new stake in Comcast in the third quarter worth about $28,000. Olistico Wealth LLC bought a new stake in Comcast in the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. lifted its stake in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.5%

NASDAQ:CMCSA opened at $24.80 on Wednesday. Comcast Corporation has a one year low of $24.53 and a one year high of $36.66. 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 firm has a market cap of $88.59 billion, a P/E ratio of 4.88, a P/E/G ratio of 2.00 and a beta of 0.71. The firm has a 50-day simple moving average of $28.08 and a 200-day simple moving average of $28.68.

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. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 dividend yield of 5.3%. Comcast’s payout ratio is currently 25.98%.

Analysts Set New Price Targets

Several analysts have issued reports on CMCSA shares. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. New Street Research decreased their price objective 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. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $34.79.

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.