Security Financial Services INC. Raises Position in Comcast Corporation $CMCSA

by · The Cerbat Gem

Security Financial Services INC. raised its position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 26.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,488 shares of the cable giant’s stock after acquiring an additional 2,637 shares during the quarter. Security Financial Services INC.’s holdings in Comcast were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Dodge & Cox increased its holdings in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares in the last quarter. First Eagle Investment Management LLC grew its position in Comcast by 1.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock valued at $1,281,458,000 after purchasing an additional 490,923 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC purchased a new position in Comcast in the first quarter worth about $940,015,000. Finally, Harris Associates L P lifted its stake in shares of Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMCSA shares. Moffett Nathanson decreased their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday. Cowen restated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Benchmark reduced their price target on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Bank of America lowered their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Finally, UBS Group set a $34.00 target price on shares of Comcast in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $36.12.

Check Out Our Latest Stock Analysis on CMCSA

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.51 on Friday. The stock has a 50-day moving average price of $30.12 and a 200 day moving average price of $32.88. The stock has a market capitalization of $100.24 billion, a P/E ratio of 4.58, a P/E/G ratio of 1.82 and a beta of 0.92. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio 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.

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