Verity & Verity LLC Increases Position in Comcast Corporation $CMCSA

Verity & Verity LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 472,223 shares of the cable giant’s stock after purchasing an additional 24,390 shares during the period. Verity & Verity LLC’s holdings in Comcast were worth $14,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Imprint Wealth LLC purchased a new stake in shares of Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast during the fourth quarter worth about $27,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the third quarter worth about $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. grew its position in shares of Comcast by 212.6% during 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 in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on CMCSA shares. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. New Street Research dropped their price target on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Morgan Stanley increased their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.79.

Comcast Trading Down 1.2%

CMCSA opened at $24.87 on Friday. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The stock’s fifty day moving average is $27.26 and its two-hundred day moving average is $28.54. The company has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a PEG ratio of 2.00 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last announced 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. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the business posted $1.09 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.3%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.