Invesco Ltd. Acquires 3,952,642 Shares of Comcast Corporation $CMCSA

Invesco Ltd. increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,332,228 shares of the cable giant’s stock after acquiring an additional 3,952,642 shares during the quarter. Invesco Ltd.’s holdings in Comcast were worth $1,295,200,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. boosted its position in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the period. Cora Capital Advisors LLC raised its position in shares of Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares during the period. FSA Advisors Inc. lifted its stake in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after buying an additional 377 shares during the last quarter. Finally, WPG Advisers LLC boosted its holdings in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after buying an additional 384 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Scotiabank boosted 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. Rosenblatt Securities decreased their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. New Street Research lowered their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.52.

Comcast Price Performance

Shares of Comcast stock opened at $22.43 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 stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.67. Comcast Corporation has a twelve month low of $22.38 and a twelve month high of $36.66. The company has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $28.23.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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 net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The business 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. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

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.