Polianta Ltd Purchases New Position in Comcast Corporation $CMCSA

Polianta Ltd acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,000 shares of the cable giant’s stock, valued at approximately $1,767,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC grew its stake in shares of Comcast by 50.2% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,628 shares of the cable giant’s stock worth $40,000 after buying an additional 544 shares during the last quarter. Trust Point Inc. lifted its stake in shares of Comcast by 28.7% in the 2nd quarter. Trust Point Inc. now owns 30,234 shares of the cable giant’s stock valued at $742,000 after acquiring an additional 6,749 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of Comcast during the 2nd quarter valued at $207,000. Community Trust & Investment Co. boosted its holdings in shares of Comcast by 20.0% during the 2nd quarter. Community Trust & Investment Co. now owns 124,938 shares of the cable giant’s stock valued at $3,067,000 after acquiring an additional 20,786 shares in the last quarter. Finally, Wynn Capital LLC grew its position in Comcast by 5.1% during the 2nd quarter. Wynn Capital LLC now owns 21,588 shares of the cable giant’s stock worth $530,000 after acquiring an additional 1,041 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Scotiabank set a $29.00 price target on Comcast in a report on Friday, July 24th. Barclays set a $26.00 price objective on Comcast and gave the company an “equal weight” rating in a research note on Friday, July 24th. New Street Research dropped their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Up 0.8%

Shares of CMCSA opened at $25.36 on Friday. The company has a market capitalization of $89.99 billion, a PE ratio of 8.21, a PEG ratio of 1.44 and a beta of 0.67. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The stock’s 50-day moving average price is $23.69 and its two-hundred day moving average price is $27.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

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

Comcast Dividend Announcement

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

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.