Comcast Corporation $CMCSA Stock Position Increased by Metropolis Capital Ltd

Metropolis Capital Ltd boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,427,479 shares of the cable giant’s stock after buying an additional 962,617 shares during the period. Comcast makes up about 7.3% of Metropolis Capital Ltd’s investment portfolio, making the stock its 7th largest holding. Metropolis Capital Ltd’s holdings in Comcast were worth $233,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Comcast in the 2nd quarter worth about $3,528,361,000. Dodge & Cox lifted its stake in shares of Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after buying an additional 17,054,579 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Comcast by 133.1% during 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 last quarter. Worldquant Millennium Advisors LLC grew its holdings 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 valued at $178,634,000 after buying an additional 4,240,876 shares during the last quarter. Finally, State Street Corp increased its position 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 valued at $6,166,154,000 after acquiring an additional 4,231,140 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Loop Capital lowered their price target on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. TD Cowen reduced their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Sanford C. Bernstein decreased their target price on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Trading Up 0.7%

Comcast stock opened at $29.87 on Tuesday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The company has a market cap of $108.83 billion, a P/E ratio of 4.97, a P/E/G ratio of 2.04 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $31.38.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.