Comcast Corporation $CMCSA Stake Lessened by Amundi

Amundi lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 19.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,717,252 shares of the cable giant’s stock after selling 2,314,913 shares during the period. Amundi’s holdings in Comcast were worth $349,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC lifted its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co boosted its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Comcast during the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC grew its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.31 on Friday. The firm has a market capitalization of $99.51 billion, a PE ratio of 4.54, a PEG ratio of 1.87 and a beta of 0.83. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $43.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $28.48 and its 200 day simple moving average is $32.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Ratings Changes

A number of brokerages have issued reports on CMCSA. Sanford C. Bernstein decreased their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $38.00 target price on Comcast in a research note on Tuesday, November 4th. Daiwa Capital Markets cut their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Bank of America reduced their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 price objective (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.82.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.