abrdn plc Has $199.38 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

abrdn plc raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,496,321 shares of the cable giant’s stock after purchasing an additional 46,396 shares during the quarter. abrdn plc owned 0.08% of Comcast worth $199,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Dynamic Advisor Solutions LLC raised its stake in shares of Comcast by 33.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 52,778 shares of the cable giant’s stock valued at $3,009,000 after acquiring an additional 13,157 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Comcast by 23.5% in the second quarter. Brighton Jones LLC now owns 96,843 shares of the cable giant’s stock valued at $5,522,000 after acquiring an additional 18,430 shares during the last quarter. Blume Capital Management Inc. raised its stake in shares of Comcast by 1.1% in the second quarter. Blume Capital Management Inc. now owns 193,027 shares of the cable giant’s stock valued at $11,006,000 after acquiring an additional 2,105 shares during the last quarter. National Asset Management Inc. raised its stake in shares of Comcast by 10.8% in the second quarter. National Asset Management Inc. now owns 125,190 shares of the cable giant’s stock valued at $7,114,000 after acquiring an additional 12,215 shares during the last quarter. Finally, Midwest Professional Planners LTD. raised its stake in shares of Comcast by 13.9% in the second quarter. Midwest Professional Planners LTD. now owns 14,969 shares of the cable giant’s stock valued at $854,000 after acquiring an additional 1,829 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors.

CMCSA has been the subject of several research analyst reports. Redburn Partners initiated coverage on shares of Comcast in a research report on Friday, June 25th. They issued a “buy” rating and a $70.00 price objective for the company. Wells Fargo & Company set a $57.55 price objective on shares of Comcast and gave the stock a “sell” rating in a research report on Monday, July 19th. Benchmark boosted their price objective on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 12th. TD Securities boosted their price objective on shares of Comcast from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 30th. One equities research analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $64.93.

Shares of Comcast stock traded up $1.84 during trading hours on Wednesday, reaching $57.43. 1,618,011 shares of the company’s stock were exchanged, compared to its average volume of 16,353,840. The company has a 50 day moving average of $58.89 and a two-hundred day moving average of $57.00. Comcast Co. has a fifty-two week low of $40.97 and a fifty-two week high of $61.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. The stock has a market cap of $263.59 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.20 and a beta of 1.02.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. The company had revenue of $28.55 billion for the quarter, compared to analysts’ expectations of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. As a group, analysts expect that Comcast Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 annualized dividend and a yield of 1.74%. Comcast’s dividend payout ratio is currently 38.31%.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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