SRB Corp Buys 89,535 Shares of Comcast Corporation $CMCSA

SRB Corp boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,685 shares of the cable giant’s stock after purchasing an additional 89,535 shares during the quarter. Comcast comprises 1.8% of SRB Corp’s holdings, making the stock its 19th largest holding. SRB Corp’s holdings in Comcast were worth $32,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lowe Brockenbrough & Co. Inc. boosted its position in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after purchasing an additional 352 shares in the last quarter. Cora Capital Advisors LLC boosted its position in Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares in the last quarter. FSA Advisors Inc. boosted its position in Comcast by 5.5% during the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after purchasing an additional 376 shares in the last quarter. Oakworth Capital Inc. boosted its position in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after purchasing an additional 377 shares in the last quarter. Finally, WPG Advisers LLC boosted its position in Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $24.50 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $87.52 billion, a PE ratio of 4.82, a P/E/G ratio of 1.99 and a beta of 0.68. The business has a 50-day simple moving average of $26.32 and a two-hundred day simple moving average of $28.32. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Scotiabank raised their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Comcast in a report on Thursday, April 23rd. Finally, Evercore raised their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $34.56.

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.