Vontobel Holding Ltd. increased its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,133,254 shares of the cable giant’s stock after acquiring an additional 74,319 shares during the quarter. Vontobel Holding Ltd.’s holdings in Comcast were worth $33,873,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at approximately $2,498,626,000. Capital World Investors raised its position in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Capital Research Global Investors raised its position in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after purchasing an additional 21,958,603 shares during the period. State Street Corp raised its position in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Comcast Price Performance
CMCSA stock opened at $24.50 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The stock has a market cap of $87.52 billion, a PE ratio of 4.82, a P/E/G ratio of 1.95 and a beta of 0.67. The firm has a 50 day simple moving average of $26.32 and a two-hundred day simple moving average of $28.31.
Comcast Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of several research reports. BNP Paribas Exane lowered their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Evercore boosted their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. New Street Research lowered their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Scotiabank boosted their price target on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.56.
Check Out Our Latest Research Report on Comcast
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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