NewEdge Advisors LLC Has $13.47 Million Stock Holdings in Comcast Corporation $CMCSA

NewEdge Advisors LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 35.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 469,089 shares of the cable giant’s stock after buying an additional 123,151 shares during the quarter. NewEdge Advisors LLC’s holdings in Comcast were worth $13,468,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Comcast in the 4th quarter worth about $2,498,626,000. Capital World Investors lifted its holdings in shares of Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after buying an additional 24,166,881 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Comcast by 65.1% in the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after buying an additional 10,359,800 shares during the last quarter. Finally, State Street Corp increased its holdings in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.8%

NASDAQ:CMCSA opened at $25.36 on Friday. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The firm has a market cap of $89.99 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.44 and a beta of 0.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $23.69 and its 200-day moving average is $27.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Equities analysts anticipate that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The business 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. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Analysts Set New Price Targets

A number of analysts have issued reports on CMCSA shares. Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. UBS Group restated a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. BNP Paribas Exane reduced their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four 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 $32.96.

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.