One River Asset Management LLC Buys Shares of 26,000 Comcast Corporation $CMCSA

One River Asset Management LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,000 shares of the cable giant’s stock, valued at approximately $746,000. Comcast makes up 0.3% of One River Asset Management LLC’s holdings, making the stock its 13th largest holding.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. lifted its stake in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the period. United Bank boosted its position in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares during the last quarter. HUB Investment Partners LLC boosted its position in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after acquiring an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after acquiring an additional 15,865 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMCSA shares. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Scotiabank raised their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. The Goldman Sachs Group lowered their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday. Rosenblatt Securities upgraded Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $31.00 in a research note on Tuesday, June 30th. Finally, Moffett Nathanson reduced their target price on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $34.40.

Comcast Stock Performance

NASDAQ:CMCSA opened at $23.79 on Friday. 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 company has a market cap of $84.98 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.95 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $22.13 and a fifty-two week high of $36.40. The firm’s 50 day moving average is $24.75 and its two-hundred day moving average is $27.92.

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, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the business earned $1.09 EPS. Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Comcast Corporation will post 3.5 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won’t Fix What’s Actually Broken

About Comcast

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.