Capital International Sarl Purchases 47,927 Shares of Comcast Corporation $CMCSA

Capital International Sarl lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,668 shares of the cable giant’s stock after acquiring an additional 47,927 shares during the quarter. Capital International Sarl’s holdings in Comcast were worth $5,370,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after buying an additional 113,461 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after buying an additional 32,262 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of Comcast in the 4th quarter worth about $3,754,000. Finally, Varma Mutual Pension Insurance Co boosted its holdings in shares of Comcast by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock worth $19,282,000 after buying an additional 49,800 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Friday, April 24th. Royal Bank Of Canada boosted their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Morgan Stanley boosted their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, Scotiabank upped their price objective on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $34.56.

Comcast Stock Performance

Shares of CMCSA opened at $23.82 on Monday. The business’s 50-day moving average price is $26.77 and its 200-day moving average price is $28.43. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66. The stock has a market cap of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.68. 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 (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 the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. Comcast’s dividend payout ratio is currently 25.98%.

About Comcast

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.