Comcast Corporation $CMCSA Position Increased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 118.6% in the first quarter, Holdings Channel.com reports. The firm owned 77,645 shares of the cable giant’s stock after purchasing an additional 42,122 shares during the period. Greenup Street Wealth Management LLC’s holdings in Comcast were worth $2,229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast during the 4th quarter valued at about $27,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the 3rd quarter valued at approximately $28,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. increased its holdings in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.7%

Shares of CMCSA stock opened at $22.64 on Thursday. The stock’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $28.10. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $80.88 billion, a price-to-earnings ratio of 4.46, a PEG ratio of 1.86 and a beta of 0.67.

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 firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors 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 5.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Freedom Capital raised shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Evercore boosted their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley increased their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. BNP Paribas Exane cut 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast has an average 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.