Deutsche Bank AG increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 8.0% during the fourth quarter, HoldingsChannel reports. The fund owned 14,389,631 shares of the cable giant’s stock after acquiring an additional 1,060,265 shares during the quarter. Deutsche Bank AG’s holdings in Comcast were worth $430,106,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brandes Investment Partners LP boosted its stake in shares of Comcast by 3.6% in the 4th quarter. Brandes Investment Partners LP now owns 5,994,421 shares of the cable giant’s stock valued at $179,173,000 after purchasing an additional 209,365 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its position in Comcast by 4.7% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 2,265,221 shares of the cable giant’s stock worth $67,707,000 after buying an additional 101,975 shares in the last quarter. Winnow Wealth LLC lifted its position in Comcast by 16.5% during the 4th quarter. Winnow Wealth LLC now owns 34,983 shares of the cable giant’s stock worth $1,049,000 after buying an additional 4,946 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in Comcast by 131.8% during the 4th quarter. Marks Group Wealth Management Inc now owns 67,462 shares of the cable giant’s stock worth $2,016,000 after buying an additional 38,359 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Comcast by 17.4% during the 4th quarter. Cerity Partners LLC now owns 1,148,770 shares of the cable giant’s stock worth $34,337,000 after buying an additional 169,900 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.
Wall Street Analyst Weigh In
CMCSA has been the topic of a number of research reports. Rosenblatt Securities cut their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Morgan Stanley upped their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.56.
Comcast Trading Up 0.5%
NASDAQ:CMCSA opened at $23.97 on Thursday. The company has a market cap of $85.63 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. 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 $23.13 and a twelve month high of $36.66. The business has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $28.36.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.
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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