Eurizon Capital SGR S.p.A. acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 997,506 shares of the cable giant’s stock, valued at approximately $29,820,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Capital Research Global Investors lifted its holdings in shares of Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares during the period. State Street Corp lifted its holdings in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after acquiring an additional 6,105,867 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares during the period. 84.32% of the stock is owned by institutional investors.
Comcast Trading Down 1.2%
Shares of Comcast stock opened at $24.87 on Friday. The stock has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a 50-day simple moving average of $27.26 and a 200 day simple moving average of $28.54. Comcast Corporation has a 12-month low of $24.53 and a 12-month high of $36.66.
Comcast Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Citigroup increased their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. New Street Research dropped their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $34.79.
View Our Latest Stock Analysis on CMCSA
About Comcast
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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