SG Americas Securities LLC Raises Stake in Comcast Corporation $CMCSA

SG Americas Securities LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,074,374 shares of the cable giant’s stock after purchasing an additional 2,679,646 shares during the quarter. SG Americas Securities LLC owned 0.28% of Comcast worth $289,235,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. State Street Corp boosted its position in Comcast by 3.4% during the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares during the period. Capital World Investors boosted its position in Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox increased its holdings in Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after purchasing an additional 399,596 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup boosted their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Moffett Nathanson reduced their price target on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Finally, New Street Research decreased their price target on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $34.50.

Comcast Stock Performance

NASDAQ:CMCSA opened at $22.43 on Monday. The firm has a 50-day moving average of $25.83 and a two-hundred day moving average of $28.20. 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 stock has a market cap of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.68. Comcast Corporation has a 1-year low of $22.38 and a 1-year high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $30.42 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed 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 yield of 5.9%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 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.