Commerzbank Aktiengesellschaft FI Increases Position in Comcast Corporation $CMCSA

Commerzbank Aktiengesellschaft FI grew its stake in Comcast Corporation (NASDAQ:CMCSAFree Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 643,759 shares of the cable giant’s stock after acquiring an additional 77,556 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Comcast were worth $19,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. Principal Financial Group Inc. lifted its position in Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after acquiring an additional 665,635 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after acquiring an additional 146,339 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after buying an additional 113,461 shares during the period. Finally, Candriam S.C.A. lifted its holdings in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after buying an additional 32,262 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

Comcast Price Performance

Shares of Comcast stock opened at $24.76 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a twelve month low of $24.53 and a twelve month high of $36.66. The business has a 50-day moving average price of $28.36 and a 200 day moving average price of $28.74. The firm has a market cap of $88.45 billion, a PE ratio of 4.87, a P/E/G ratio of 2.02 and a beta of 0.71.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period in the previous year, the business earned $1.09 EPS. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMCSA shares. New Street Research decreased their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday. BNP Paribas Exane decreased their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. UBS Group decreased their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Scotiabank boosted their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, TD Cowen decreased their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.79.

Check Out Our Latest Report on CMCSA

Comcast Company Profile

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

Further Reading

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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