Fideuram Asset Management Ireland dac Buys New Shares in Comcast Corporation $CMCSA

Fideuram Asset Management Ireland dac bought a new stake in Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 58,169 shares of the cable giant’s stock, valued at approximately $1,739,000.

Other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new stake in Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast in the fourth quarter valued at approximately $27,000. United Financial Planning Group LLC purchased a new stake in Comcast in the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. grew its holdings in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.2%

Shares of CMCSA stock opened at $24.87 on Friday. The stock has a market cap of $88.84 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The firm’s 50 day moving average price is $27.26 and its two-hundred day moving average price is $28.54.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. On average, analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CMCSA shares. Morgan Stanley boosted their target price on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. UBS Group lowered their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. BNP Paribas Exane reduced their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Finally, New Street Research reduced their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Comcast has an average rating of “Hold” and an average target price of $34.79.

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.