Miller Howard Investments Inc. NY Raises Position in Comcast Corporation $CMCSA

Miller Howard Investments Inc. NY lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 40.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,278,695 shares of the cable giant’s stock after buying an additional 369,452 shares during the period. Miller Howard Investments Inc. NY’s holdings in Comcast were worth $36,711,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast during the 4th quarter valued at $27,000. United Financial Planning Group LLC purchased a new stake in Comcast during the 3rd quarter valued at $28,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Comcast by 212.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $22.80 on Wednesday. The stock has a market capitalization of $81.45 billion, a price-to-earnings ratio of 4.49, a PEG ratio of 1.82 and a beta of 0.67. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.66. 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 business’s fifty day moving average price is $25.61 and its 200-day moving average price is $28.13.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Moffett Nathanson reduced their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Scotiabank upped their target price on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane dropped their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.50.

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.