Czech National Bank Acquires 23,005 Shares of Comcast Corporation $CMCSA

Czech National Bank increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 958,350 shares of the cable giant’s stock after purchasing an additional 23,005 shares during the period. Czech National Bank’s holdings in Comcast were worth $28,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Comcast during the second quarter worth $3,528,361,000. Dodge & Cox grew its position in shares of Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. Capital Research Global Investors grew its position in shares of Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after purchasing an additional 10,633,206 shares in the last quarter. State Street Corp raised its stake in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CMCSA. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. TD Cowen decreased their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Wall Street Zen raised shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Finally, Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.79.

Comcast Price Performance

Comcast stock opened at $28.73 on Thursday. The stock has a market cap of $103.37 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 2.28 and a beta of 0.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $30.29 and a 200 day simple moving average of $29.59. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating 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 firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the firm posted $0.96 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.6%. Comcast’s payout ratio is presently 24.58%.

Insider Buying and Selling

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The shares were 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 $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.32% of the stock is currently owned by corporate insiders.

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.