Commerzbank Aktiengesellschaft FI grew its stake in Comcast Corporation (NASDAQ:CMCSA – Free 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:
- Positive Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income appeal and signaling management confidence in cash flow. Comcast Declares Quarterly Dividend
- Positive Sentiment: Zacks highlighted Comcast as one of the better-positioned names in a challenging cable industry, citing growing demand for high-speed internet and stronger media consumption as cord-cutting shifts the market toward broadband. 2 Stocks to Watch From a Challenging Cable Television Industry
- Positive Sentiment: Comcast continues expanding rural broadband access in Florida and Indiana through public-private partnerships, which supports long-term subscriber growth and reinforces the company’s core connectivity business. What Comcast (CMCSA)’s Dividend, Rural Broadband Push and Legal Settlement Means For Shareholders
- Neutral Sentiment: Comcast’s Sky unit is reportedly advancing talks to acquire ITV’s media and entertainment business, a deal that could be strategic but is still early and may require a performance-based payout structure. Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
- Negative Sentiment: Investor sentiment remains weighed down by Comcast’s $117.5 million data-breach settlement, which keeps cybersecurity, legal liability, and reputation risks in focus. Comcast’s US$117.5m Breach Settlement Puts Data Security Risks In Focus
- Negative Sentiment: Recent coverage also notes Comcast hit a new 12-month low after an analyst downgrade, underscoring ongoing concern about growth, competition, and margin pressure. Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low Following Analyst Downgrade
Comcast Price Performance
Comcast (NASDAQ:CMCSA – Get 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
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.
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