Comcast Corporation $CMCSA Stake Raised by Godsey & Gibb Inc.

Godsey & Gibb Inc. raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,221 shares of the cable giant’s stock after acquiring an additional 47,409 shares during the quarter. Godsey & Gibb Inc.’s holdings in Comcast were worth $16,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CMCSA. Miller Howard Investments Inc. NY grew its position in Comcast by 40.6% in the first quarter. Miller Howard Investments Inc. NY now owns 1,278,695 shares of the cable giant’s stock worth $36,711,000 after buying an additional 369,452 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Comcast by 31.9% in the first quarter. Centennial Wealth Advisory LLC now owns 10,087 shares of the cable giant’s stock valued at $290,000 after buying an additional 2,437 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in shares of Comcast by 9.5% during the 1st quarter. Keudell Morrison Wealth Management now owns 16,963 shares of the cable giant’s stock valued at $487,000 after acquiring an additional 1,472 shares during the last quarter. Faithward Advisors LLC boosted its stake in shares of Comcast by 32.8% during the 1st quarter. Faithward Advisors LLC now owns 10,722 shares of the cable giant’s stock worth $308,000 after acquiring an additional 2,648 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its stake in shares of Comcast by 52.0% during the 1st quarter. Cidel Asset Management Inc. now owns 98,116 shares of the cable giant’s stock worth $2,817,000 after acquiring an additional 33,545 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price target on 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 objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Finally, KeyCorp reaffirmed a “sector weight” rating 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $34.50.

Comcast Stock Performance

Shares of CMCSA opened at $22.80 on Wednesday. The company has a market capitalization of $81.45 billion, a PE ratio of 4.49, a PEG ratio of 1.82 and a beta of 0.67. 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’s 50 day moving average price is $25.61 and its 200 day moving average price is $28.13. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66.

Comcast (NASDAQ:CMCSA) last released 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. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Research analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. Comcast’s dividend payout ratio is 25.98%.

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.