Comcast Corporation $CMCSA Shares Acquired by AIA Group Ltd

AIA Group Ltd boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 168.8% in the third quarter, HoldingsChannel.com reports. The firm owned 514,312 shares of the cable giant’s stock after buying an additional 323,010 shares during the quarter. AIA Group Ltd’s holdings in Comcast were worth $16,160,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. raised its holdings in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares in the last quarter. Titleist Asset Management LLC grew its position in shares of Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after buying an additional 342 shares during the last quarter. Lakeshore Capital Group Inc. grew its position in shares of Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after buying an additional 343 shares during the last quarter. Hengehold Capital Management LLC raised its stake in Comcast by 0.5% during the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock worth $2,601,000 after acquiring an additional 372 shares in the last quarter. Finally, Commonwealth Financial Services LLC raised its stake in Comcast by 4.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock worth $265,000 after acquiring an additional 372 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $28.57 on Thursday. Comcast Corporation has a one year low of $25.75 and a one year high of $37.72. The stock has a market capitalization of $102.79 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 2.35 and a beta of 0.79. The company has a 50-day simple moving average of $30.24 and a 200-day simple moving average of $29.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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 analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Arete Research set a $23.00 target price on Comcast in a report on Tuesday, January 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Finally, Zacks Research downgraded Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $34.87.

Comcast 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.