Universal Beteiligungs und Servicegesellschaft mbH Buys 218,758 Shares of Comcast Corporation $CMCSA

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,044,355 shares of the cable giant’s stock after acquiring an additional 218,758 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Comcast were worth $121,460,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new stake in Comcast in the third quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Comcast by 67.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,004 shares of the cable giant’s stock worth $32,000 after buying an additional 404 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup restated a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a report on Friday, January 30th. UBS Group cut their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Rosenblatt Securities restated a “neutral” rating and set a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Finally, Scotiabank cut their price target on Comcast from $35.25 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 1st. Ten research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.81.

Insider Buying and Selling

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.05 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The stock’s 50 day moving average is $29.88 and its 200-day moving average is $29.09. The firm has a market capitalization of $104.52 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 2.47 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 3.46 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

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.