Sienna Gestion Acquires 34,161 Shares of Comcast Corporation $CMCSA

by · The Cerbat Gem

Sienna Gestion increased its holdings in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 11.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 343,574 shares of the cable giant’s stock after purchasing an additional 34,161 shares during the period. Sienna Gestion’s holdings in Comcast were worth $11,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cranbrook Wealth Management LLC boosted its position in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC boosted its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter valued at approximately $29,000. Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. Finally, Legend Financial Advisors Inc. bought a new position in shares of Comcast in the second quarter valued at approximately $33,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. Sanford C. Bernstein cut their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Oppenheimer set a $38.00 price objective on shares of Comcast in a research report on Tuesday. Arete cut their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Rosenblatt Securities lowered their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $36.29.

View Our Latest Report on Comcast

Comcast Trading Up 1.8%

Shares of CMCSA opened at $27.94 on Thursday. The firm’s 50 day simple moving average is $31.02 and its 200 day simple moving average is $33.18. The company has a market capitalization of $103.16 billion, a P/E ratio of 4.65, a P/E/G ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.22.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Comcast Profile

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

Further Reading

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