Aviva PLC Buys 166,068 Shares of Comcast Corporation $CMCSA

Aviva PLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,227,112 shares of the cable giant’s stock after purchasing an additional 166,068 shares during the quarter. Aviva PLC owned about 0.09% of Comcast worth $96,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the period. State Street Corp boosted its holdings in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. Capital World Investors boosted its holdings in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox boosted its holdings in shares of Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after acquiring an additional 1,465,428 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMCSA shares. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. 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 report on Friday, April 24th. Finally, Scotiabank boosted their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $23.97 on Friday. The business’s 50-day moving average is $26.39 and its 200 day moving average is $28.34. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66. The firm has a market capitalization of $85.63 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.95 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last posted 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. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. On average, research analysts predict that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio is presently 25.98%.

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.