Banco Santander S.A. Grows Stock Position in Comcast Corporation $CMCSA

Banco Santander S.A. raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 36.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 903,579 shares of the cable giant’s stock after acquiring an additional 239,867 shares during the quarter. Banco Santander S.A.’s holdings in Comcast were worth $25,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Comcast in the fourth quarter worth $2,498,626,000. Capital World Investors lifted its position in Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the period. Capital Research Global Investors lifted its position in Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after acquiring an additional 21,958,603 shares during the period. State Street Corp lifted its position in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring 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% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. New Street Research reduced their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Scotiabank raised their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Evercore raised their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley raised their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, Rosenblatt Securities dropped their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Nine equities 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. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $34.56.

Comcast Stock Performance

Shares of CMCSA stock opened at $24.50 on Friday. The company has a market capitalization of $87.52 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.95 and a beta of 0.67. The business’s 50 day moving average is $26.32 and its two-hundred day moving average is $28.31. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The company 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%.Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. Analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 dividend on an annualized basis and a yield of 5.4%. Comcast’s dividend payout ratio is currently 25.98%.

Comcast Company 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.