Russell Investments Group Ltd. Purchases 379,340 Shares of Comcast Corporation $CMCSA

by · The Cerbat Gem

Russell Investments Group Ltd. grew its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,096,279 shares of the cable giant’s stock after buying an additional 379,340 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Comcast worth $217,367,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. LPL Financial LLC lifted its stake in Comcast by 13.3% in the first quarter. LPL Financial LLC now owns 3,894,950 shares of the cable giant’s stock valued at $143,724,000 after buying an additional 457,052 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Comcast by 4.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 10,425 shares of the cable giant’s stock valued at $385,000 after buying an additional 409 shares in the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Comcast by 40.0% in the first quarter. Prosperity Consulting Group LLC now owns 12,021 shares of the cable giant’s stock valued at $444,000 after buying an additional 3,432 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Comcast by 7.4% during the first quarter. Mackenzie Financial Corp now owns 905,052 shares of the cable giant’s stock worth $33,396,000 after acquiring an additional 62,461 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.8%

Shares of CMCSA stock opened at $26.68 on Wednesday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $43.45. The stock has a market cap of $97.22 billion, a price-to-earnings ratio of 4.44, a PEG ratio of 1.82 and a beta of 0.92. The firm’s 50-day moving average is $29.24 and its 200-day moving average is $32.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced 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 firm had revenue of $30.34 billion for the quarter. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. TD Cowen reduced their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Loop Capital dropped their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Rosenblatt Securities reduced their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $35.92.

View Our Latest Report on CMCSA

Comcast Company 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.

See Also

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