Comcast Corporation $CMCSA Stock Position Lowered by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,209,220 shares of the cable giant’s stock after selling 61,967 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Comcast were worth $36,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast during the third quarter valued at $26,000. United Financial Planning Group LLC purchased a new position in shares of Comcast during the third quarter valued at $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast during the fourth quarter valued at $29,000. Richardson Financial Services Inc. grew its holdings 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 valued at $30,000 after buying an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Comcast during the fourth quarter valued at $33,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Royal Bank Of Canada lifted their price objective on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. Finally, Morgan Stanley lifted their price objective on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.79.

Comcast Price Performance

CMCSA opened at $24.93 on Tuesday. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The stock has a fifty day moving average price of $28.22 and a 200 day moving average price of $28.71. The stock has a market cap of $89.06 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 1.99 and a beta of 0.71. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping 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 firm earned $1.09 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. Comcast’s payout ratio is currently 25.98%.

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.