Geode Capital Management LLC Acquires 1,465,428 Shares of Comcast Corporation $CMCSA

Geode Capital Management LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,913,362 shares of the cable giant’s stock after acquiring an additional 1,465,428 shares during the quarter. Geode Capital Management LLC’s holdings in Comcast were worth $2,680,747,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cora Capital Advisors LLC lifted its position in Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares during the period. FSA Advisors Inc. lifted its position in Comcast by 5.5% during the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after purchasing an additional 376 shares during the period. Oakworth Capital Inc. lifted its position in Comcast by 7.4% during the fourth 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 period. WPG Advisers LLC lifted its position in Comcast by 15.9% during the fourth 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 period. Finally, Addison Advisors LLC lifted its position in Comcast by 55.7% during the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after purchasing an additional 384 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $25.22 on Thursday. The business has a 50 day moving average of $27.43 and a 200-day moving average of $28.58. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $90.09 billion, a P/E ratio of 4.96, a P/E/G ratio of 2.02 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) 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 quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio is currently 25.98%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Pivotal Research cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada upped their price objective on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. New Street Research cut their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, BNP Paribas Exane cut their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.79.

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.