Ironwood Investment Counsel LLC Acquires 26,539 Shares of Comcast Corporation $CMCSA

Ironwood Investment Counsel LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,278 shares of the cable giant’s stock after buying an additional 26,539 shares during the period. Ironwood Investment Counsel LLC’s holdings in Comcast were worth $6,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Comcast in the 3rd quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter worth $27,000. Whipplewood Advisors LLC increased its holdings in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD acquired a new position in shares of Comcast in the first quarter valued at $27,000. Finally, Olistico Wealth LLC bought a new position in shares of Comcast in the fourth quarter valued at about $29,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $23.79 on Monday. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.01. 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 company has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $27.48. The stock has a market capitalization of $84.98 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.48 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 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. Scotiabank cut their target price on shares of Comcast from $36.00 to $32.75 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. New Street Research lowered their price target on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Evercore upped their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and lowered their target price for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. Finally, Citigroup dropped their price target on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a report on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average 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.