Financiere des Professionnels Fonds d investissement inc. Has $15.81 Million Stake in Comcast Corporation $CMCSA

Financiere des Professionnels Fonds d investissement inc. decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 529,090 shares of the cable giant’s stock after selling 79,314 shares during the period. Comcast comprises about 0.9% of Financiere des Professionnels Fonds d investissement inc.’s investment portfolio, making the stock its 23rd biggest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in Comcast were worth $15,814,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Voya Financial Advisors Inc. increased its holdings in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after purchasing an additional 2,593 shares during the period. United Bank boosted its position in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the last quarter. HUB Investment Partners LLC boosted its position in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in Comcast by 66.8% during the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after purchasing an additional 15,865 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CMCSA shares. Morgan Stanley lifted their price objective on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. Scotiabank lifted their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.56.

Comcast Stock Up 0.5%

CMCSA opened at $23.97 on Thursday. The business has a 50 day moving average price of $26.48 and a 200 day moving average price of $28.36. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $85.63 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $30.42 billion. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The firm 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 $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) 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.