iA Global Asset Management Inc. Grows Position in Comcast Corporation $CMCSA

iA Global Asset Management Inc. increased its position in shares of Comcast Corporation (NASDAQ:CMCSAFree Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 796,444 shares of the cable giant’s stock after buying an additional 85,522 shares during the period. iA Global Asset Management Inc.’s holdings in Comcast were worth $23,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Imprint Wealth LLC purchased a new stake in shares of Comcast during the third quarter worth approximately $26,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the third quarter worth approximately $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $24.76 on Friday. The firm has a market capitalization 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 Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average is $28.36 and its two-hundred day moving average is $28.74.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Research analysts forecast that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given 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 dividend yield of 5.3%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Evercore upped their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.79.

Check Out Our Latest Stock Analysis on Comcast

Comcast News Summary

Here are the key news stories impacting Comcast this week:

Comcast Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSAFree Report).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.