Jump Financial LLC Takes $430,000 Position in Comcast Co. (NASDAQ:CMCSA)

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,334 shares of the cable giant’s stock, valued at approximately $430,000.

A number of other large investors have also added to or reduced their stakes in CMCSA. Norges Bank acquired a new position in Comcast during the 4th quarter worth $1,798,173,000. Moneta Group Investment Advisors LLC grew its stake in Comcast by 121,265.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after purchasing an additional 25,509,390 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Comcast by 71,575.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 12,705,989 shares of the cable giant’s stock valued at $444,328,000 after buying an additional 12,688,262 shares during the last quarter. Morgan Stanley raised its stake in Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Comcast by 62.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock worth $715,028,000 after buying an additional 5,880,050 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CMCSA shares. Barclays raised their target price on shares of Comcast from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 31st. Morgan Stanley upped their price objective on Comcast from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Loop Capital raised their target price on Comcast from $50.00 to $53.00 in a research note on Friday, July 28th. UBS Group upped their price target on shares of Comcast from $35.00 to $41.00 in a research report on Friday, April 28th. Finally, Credit Suisse Group lifted their price objective on shares of Comcast from $50.00 to $54.00 in a research report on Thursday, July 27th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.80.

Get Our Latest Report on CMCSA

Comcast Stock Performance

NASDAQ:CMCSA opened at $45.45 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50-day moving average is $41.78 and its 200-day moving average is $39.62. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $46.44. The company has a market cap of $187.49 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.25 and a beta of 0.99.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company had revenue of $30.51 billion during the quarter, compared to the consensus estimate of $30.11 billion. During the same quarter last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 3.79 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.55%. The ex-dividend date is Tuesday, October 3rd. Comcast’s dividend payout ratio is 73.42%.

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, advertising sales, and Sky channels.