Friedenthal Financial Invests $973,000 in Comcast Corporation $CMCSA

Friedenthal Financial purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 33,884 shares of the cable giant’s stock, valued at approximately $973,000.

Several other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Comcast during the 3rd quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the fourth quarter valued at about $27,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the third quarter valued at about $28,000. Olistico Wealth LLC bought a new position in Comcast during the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. increased its position in 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 acquiring an additional 691 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $22.64 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. The stock has a market capitalization of $80.88 billion, a P/E ratio of 4.46, a price-to-earnings-growth ratio of 1.86 and a beta of 0.67. The stock has a fifty day moving average of $25.50 and a 200-day moving average of $28.10.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. On average, sell-side analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company 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 of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. Evercore boosted their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Scotiabank increased their price target on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.50.

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.