Crossmark Global Holdings Inc. Boosts Position in Comcast Corporation $CMCSA

Crossmark Global Holdings Inc. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,481,168 shares of the cable giant’s stock after purchasing an additional 223,702 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Comcast were worth $36,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. boosted its holdings in Comcast by 4.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC lifted its position in shares of Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after buying an additional 362 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of 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 acquiring an additional 377 shares during the last quarter. WPG Advisers LLC increased its holdings in shares of Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after purchasing an additional 384 shares during the period. Finally, Addison Advisors LLC increased its position in Comcast by 55.7% during the 4th 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 Trading Up 0.0%

Comcast stock opened at $26.19 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $92.94 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.49 and a beta of 0.67. The company’s fifty day moving average price is $23.85 and its two-hundred day moving average price is $26.89. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and cut their price target for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered their price target on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Citigroup lowered their price target on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Finally, Morgan Stanley set a $29.00 price target on Comcast in a report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $32.96.

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.