59,343 Shares in Comcast Corporation $CMCSA Acquired by MidFirst Bank

MidFirst Bank purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,343 shares of the cable giant’s stock, valued at approximately $1,774,000.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Imprint Wealth LLC bought a new stake in Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the fourth quarter worth about $27,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $28,000. Olistico Wealth LLC purchased a new stake in Comcast during the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. grew its position in 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 during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 1.1%

Shares of NASDAQ:CMCSA opened at $22.43 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1 year low of $22.38 and a 1 year high of $36.66. The company has a market cap of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.85 and a beta of 0.67. The stock’s fifty day moving average price is $25.94 and its 200-day moving average price is $28.23.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. Sell-side analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank increased their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. BNP Paribas Exane lowered their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research report on Friday, April 24th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Rosenblatt Securities lowered their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, June 5th. 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 stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $34.52.

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.