Comcast Corporation $CMCSA Shares Acquired by Czech National Bank

Czech National Bank raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 935,345 shares of the cable giant’s stock after purchasing an additional 24,875 shares during the period. Czech National Bank’s holdings in Comcast were worth $29,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Balefire LLC raised its holdings in shares of Comcast by 4.2% during the third quarter. Balefire LLC now owns 25,545 shares of the cable giant’s stock worth $803,000 after purchasing an additional 1,023 shares during the period. Acropolis Investment Management LLC raised its holdings in shares of Comcast by 9.9% during the third quarter. Acropolis Investment Management LLC now owns 29,744 shares of the cable giant’s stock valued at $935,000 after buying an additional 2,676 shares during the last quarter. Grant Private Wealth Management Inc bought a new stake in Comcast during the 3rd quarter valued at $298,000. Assenagon Asset Management S.A. lifted its holdings in Comcast by 11.5% in the third quarter. Assenagon Asset Management S.A. now owns 207,197 shares of the cable giant’s stock worth $6,510,000 after purchasing an additional 21,353 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of Comcast in the 3rd quarter worth approximately $55,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock opened at $30.32 on Thursday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.94. The company has a market cap of $110.48 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The firm has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $31.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Analysts expect 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 $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s payout ratio is presently 21.96%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMCSA shares. Loop Capital cut their price objective on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Sanford C. Bernstein lowered their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Citigroup dropped their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.78.

Comcast 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.