Meeder Asset Management Inc. Buys 61,216 Shares of Comcast Corporation $CMCSA

Meeder Asset Management Inc. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 80.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,452 shares of the cable giant’s stock after acquiring an additional 61,216 shares during the quarter. Meeder Asset Management Inc.’s holdings in Comcast were worth $3,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 2,160,829 shares during the last quarter. State Street Corp grew its holdings in shares of Comcast by 3.4% in the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares during the last quarter. Capital World Investors increased its stake in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares during the period. Dodge & Cox increased its stake in shares of Comcast by 0.4% in the fourth quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after buying an additional 399,596 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after buying an additional 1,465,428 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $23.79 on Monday. The firm has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $27.48. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $84.98 billion, a PE ratio of 4.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its 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 firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts expect that Comcast Corporation will post 3.48 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMCSA shares. Scotiabank cut their price target on shares of Comcast from $36.00 to $32.75 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Moffett Nathanson lowered their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. BNP Paribas Exane dropped their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. New Street Research cut their target price on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and reduced their price target for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $33.64.

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.