Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Gilman Hill Asset Management LLC (2024)

Posted by Defense World Staff on Jun 26th, 2024

Gilman Hill Asset Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,121 shares of the cable giant’s stock after buying an additional 902 shares during the period. Gilman Hill Asset Management LLC’s holdings in Comcast were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Capital World Investors grew its position in Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth approximately $2,542,988,000. Harris Associates L P grew its stake in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after acquiring an additional 1,854,671 shares during the period. LSV Asset Management increased its holdings in Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares in the last quarter. Finally, Raymond James & Associates raised its position in Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Macquarie reduced their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. The Goldman Sachs Group started coverage on shares of Comcast in a research note on Tuesday. They set a “buy” rating and a $44.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $48.62.

Check Out Our Latest Stock Report on Comcast

Comcast Stock Performance

NASDAQ CMCSA opened at $38.40 on Wednesday. The stock has a 50-day moving average of $38.78 and a two-hundred day moving average of $41.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a market cap of $150.67 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. As a group, analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is presently 32.80%.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

About Comcast

(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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