Edgestream Partners L.P. Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Edgestream Partners L.P. raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 33.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,543 shares of the cable giant’s stock after acquiring an additional 3,414 shares during the period. Edgestream Partners L.P.’s holdings in Comcast were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Comcast by 16.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock valued at $15,733,000 after acquiring an additional 39,500 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Comcast by 22.1% in the second quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock valued at $34,656,000 after acquiring an additional 109,986 shares during the period. V Wealth Advisors LLC boosted its position in shares of Comcast by 17.6% in the second quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock valued at $1,530,000 after acquiring an additional 4,012 shares during the period. Mount Yale Investment Advisors LLC boosted its position in shares of Comcast by 8.1% in the second quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock valued at $7,215,000 after acquiring an additional 9,482 shares during the period. Finally, Trust Co. of Oklahoma boosted its position in shares of Comcast by 11.6% in the second quarter. Trust Co. of Oklahoma now owns 26,430 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 2,745 shares during the period. Institutional investors own 82.49% of the company’s stock.

Shares of NASDAQ CMCSA opened at $57.28 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. Comcast Co. has a 52 week low of $40.97 and a 52 week high of $61.80. The firm’s fifty day moving average is $58.85 and its 200 day moving average is $57.00. The company has a market cap of $262.90 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.20 and a beta of 1.02.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.67 by $0.17. Comcast had a net margin of 11.44% and a return on equity of 14.15%. The company had revenue of $28.55 billion for the quarter, compared to the consensus estimate of $27.14 billion. Equities research analysts anticipate that Comcast Co. will post 3.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s payout ratio is currently 38.31%.

CMCSA has been the subject of a number of analyst reports. Benchmark raised their price objective on shares of Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Truist lifted their target price on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Pivotal Research lifted their target price on shares of Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Finally, HSBC lifted their target price on shares of Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 24th. One research analyst has rated the stock with a sell rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.93.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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