Encompass More Asset Management Takes $797,000 Position in Comcast Corporation $CMCSA

Encompass More Asset Management bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 32,483 shares of the cable giant’s stock, valued at approximately $797,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Vanguard Group Inc. lifted its holdings in Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the period. North Dakota State Investment Board purchased a new position in shares of Comcast in the 4th quarter valued at $3,754,000. Inceptionr LLC purchased a new position in shares of Comcast in the 1st quarter valued at $660,000. Bank of America Corp DE raised its position in shares of Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Comcast by 72.1% during the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after purchasing an additional 97,601 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $25.47 on Thursday. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.46 and a beta of 0.67. The stock’s 50-day simple moving average is $23.74 and its 200-day simple moving average is $26.92.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. As a group, equities analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Weiss Ratings downgraded Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Moffett Nathanson lowered their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. UBS Group reiterated a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Finally, BNP Paribas Exane decreased their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.96.

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.