Comcast Corporation $CMCSA Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 81.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,391 shares of the cable giant’s stock after acquiring an additional 316,585 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $22,195,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC raised its stake in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares in the last quarter. Avalon Trust Co increased its holdings in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the 2nd quarter valued at approximately $29,000. Princeton Global Asset Management LLC lifted its stake in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Comcast in the second quarter worth $31,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. UBS Group dropped their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Citigroup reiterated a “buy” rating and set a $33.00 price objective (up previously from $32.79) on shares of Comcast in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Benchmark lowered their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.90.

Comcast Stock Up 2.5%

CMCSA opened at $30.50 on Thursday. The stock’s 50 day moving average price is $28.61 and its 200 day moving average price is $30.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $111.14 billion, a P/E ratio of 5.68, a P/E/G ratio of 2.27 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is currently 24.58%.

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.