Eubel Brady & Suttman Asset Management Inc. Makes New Investment in Comcast Corporation $CMCSA

Eubel Brady & Suttman Asset Management Inc. acquired a new position in Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,096,434 shares of the cable giant’s stock, valued at approximately $32,772,000. Comcast comprises about 3.7% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 5th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. State Street Corp increased its stake in Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. Dodge & Cox increased its stake in Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after acquiring an additional 1,295,598 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Comcast by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock worth $1,081,179,000 after acquiring an additional 245,271 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income appeal and signaling management confidence in cash flow. Comcast Declares Quarterly Dividend
• Positive Sentiment: Zacks highlighted Comcast as one of the better-positioned names in a challenging cable industry, citing growing demand for high-speed internet and stronger media consumption as cord-cutting shifts the market toward broadband. 2 Stocks to Watch From a Challenging Cable Television Industry
• Positive Sentiment: Comcast continues expanding rural broadband access in Florida and Indiana through public-private partnerships, which supports long-term subscriber growth and reinforces the company’s core connectivity business. What Comcast (CMCSA)’s Dividend, Rural Broadband Push and Legal Settlement Means For Shareholders
• Neutral Sentiment: Comcast’s Sky unit is reportedly advancing talks to acquire ITV’s media and entertainment business, a deal that could be strategic but is still early and may require a performance-based payout structure. Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
• Negative Sentiment: Investor sentiment remains weighed down by Comcast’s $117.5 million data-breach settlement, which keeps cybersecurity, legal liability, and reputation risks in focus. Comcast’s US$117.5m Breach Settlement Puts Data Security Risks In Focus
• Negative Sentiment: Recent coverage also notes Comcast hit a new 12-month low after an analyst downgrade, underscoring ongoing concern about growth, competition, and margin pressure. Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low Following Analyst Downgrade

Comcast Stock Performance

NASDAQ CMCSA opened at $24.76 on Friday. The business’s 50 day moving average price is $28.36 and its 200-day moving average price is $28.74. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. 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 $88.45 billion, a P/E ratio of 4.87, a P/E/G ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Comcast’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. Comcast’s payout ratio is presently 25.98%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. New Street Research cut their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday. BNP Paribas Exane cut their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.