Manning & Napier Advisors LLC Has $1.70 Million Position in Comcast Corporation $CMCSA

Manning & Napier Advisors LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 97.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,885 shares of the cable giant’s stock after buying an additional 29,106 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Comcast were worth $1,702,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares in the last quarter. North Dakota State Investment Board bought a new stake in Comcast during the fourth quarter worth $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 in the last quarter. Axxcess Wealth Management LLC lifted its stake in 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 acquiring an additional 72,129 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Comcast by 10.0% in the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after acquiring an additional 3,952,642 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $23.57 on Monday. The company’s 50-day moving average price is $24.27 and its two-hundred day moving average price is $27.69. 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 stock has a market cap of $84.20 billion, a P/E ratio of 4.64, a P/E/G ratio of 1.94 and a beta of 0.67. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) 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 company posted $1.09 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.6%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CMCSA shares. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Morgan Stanley lowered their price target on Comcast from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Finally, Rosenblatt Securities upgraded Comcast from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $31.00 in a research note on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.04.

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.