Comcast Corporation $CMCSA Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,721,809 shares of the cable giant’s stock after purchasing an additional 180,157 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Comcast were worth $78,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 2,160,829 shares in the last quarter. North Dakota State Investment Board purchased a new position in Comcast during the 4th quarter valued at about $3,754,000. Vest Financial LLC raised its position in Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after acquiring an additional 97,601 shares during the last quarter. Victory Capital Management Inc. raised its position in Comcast by 9.7% during the third quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock worth $246,146,000 after acquiring an additional 693,156 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Comcast by 53.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock valued at $6,161,000 after purchasing an additional 72,129 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 2.3%

CMCSA stock opened at $23.20 on Friday. The stock has a market capitalization of $82.88 billion, a P/E ratio of 4.57, a PEG ratio of 1.89 and a beta of 0.67. 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 one year low of $22.13 and a one year high of $36.66. The company has a 50 day moving average price of $25.29 and a two-hundred day moving average price of $28.03.

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, beating the consensus estimate 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 the consensus estimate of $30.42 billion. During the same period in the previous year, the firm posted $1.09 EPS. Comcast’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Moffett Nathanson lowered their target price on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Royal Bank Of Canada boosted their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.46.

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.