Signet Financial Management LLC Boosts Stock Position in Comcast Corporation $CMCSA

Signet Financial Management LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,348 shares of the cable giant’s stock after buying an additional 26,270 shares during the period. Signet Financial Management LLC’s holdings in Comcast were worth $2,077,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. Lowe Brockenbrough & Co. Inc. boosted its holdings in Comcast by 4.9% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after acquiring an additional 352 shares in the last quarter. Cora Capital Advisors LLC increased its holdings in shares of Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after acquiring an additional 362 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after purchasing an additional 377 shares during the last quarter. WPG Advisers LLC raised its position in shares of Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after purchasing an additional 384 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $23.19 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a one year low of $22.13 and a one year high of $36.01. The firm has a market capitalization of $82.84 billion, a P/E ratio of 4.56, a PEG ratio of 1.98 and a beta of 0.67. The business has a fifty day moving average of $24.14 and a 200 day moving average of $27.61.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given 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 5.7%. Comcast’s dividend payout ratio is presently 25.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. New Street Research decreased their target price on shares of Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Royal Bank Of Canada upped their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Monday, July 6th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.77.

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.