Dynamic Advisor Solutions LLC Has $2.31 Million Stake in Comcast Corporation $CMCSA

Dynamic Advisor Solutions LLC grew its position in Comcast Corporation (NASDAQ:CMCSA) by 45.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 93,976 shares of the cable giant’s stock after purchasing an additional 29,536 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Comcast were worth $2,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter worth about $2,498,626,000. Capital World Investors lifted its stake in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after buying an additional 24,166,881 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after buying an additional 10,359,800 shares during the period. Finally, State Street Corp increased its position in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.8%

Shares of CMCSA stock opened at $25.36 on Friday. The stock has a market capitalization of $89.99 billion, a PE ratio of 8.21, a P/E/G ratio of 1.43 and a beta of 0.67. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45. The business has a 50-day moving average of $23.69 and a 200 day moving average of $27.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.2%. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. Scotiabank set a $29.00 price objective on shares of Comcast in a research report on Friday, July 24th. New Street Research reduced their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Citigroup cut their price objective on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and decreased their target price for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.96.

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.