Wedbush Securities Inc. Purchases 20,864 Shares of Comcast Corporation $CMCSA

Wedbush Securities Inc. increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 55.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,608 shares of the cable giant’s stock after buying an additional 20,864 shares during the quarter. Wedbush Securities Inc.’s holdings in Comcast were worth $1,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Norges Bank bought a new position in shares of Comcast during the 2nd quarter valued at about $3,528,361,000. Dodge & Cox lifted its stake in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after buying an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC increased its position in shares of Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after acquiring an additional 4,231,140 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $29.19 and a 200 day moving average price of $30.12. The stock has a market capitalization of $115.95 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. BNP Paribas Exane reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, January 27th. Finally, Williams Trading set a $40.00 price target on Comcast in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.90.

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.