Natixis Advisors LLC Raises Holdings in Comcast Corporation $CMCSA

Natixis Advisors LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,020,271 shares of the cable giant’s stock after acquiring an additional 67,830 shares during the quarter. Natixis Advisors LLC’s holdings in Comcast were worth $56,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Comcast in the 4th quarter worth approximately $2,498,626,000. Capital Research Global Investors boosted its position in shares of Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. State Street Corp boosted its position in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Comcast by 1,356.2% in the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after purchasing an additional 6,105,867 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 5.4%

Shares of CMCSA opened at $23.52 on Thursday. Comcast Corporation has a twelve month low of $23.43 and a twelve month high of $36.66. The company has a market cap of $84.02 billion, a P/E ratio of 4.63, a P/E/G ratio of 2.02 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $26.98 and its 200-day simple moving average is $28.48.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. As a group, analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.79.

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.