Comcast Corporation $CMCSA Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 64.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 793,280 shares of the cable giant’s stock after buying an additional 310,551 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $22,775,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new position in Comcast in the 3rd quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast in the 4th quarter valued at $27,000. Olistico Wealth LLC purchased a new position in Comcast in the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. boosted its stake in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $22.43 on Friday. Comcast Corporation has a 52-week low of $22.38 and a 52-week high of $36.66. The stock has a market cap of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.67. The business has a fifty day moving average of $25.83 and a two-hundred day moving average of $28.19. 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 posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates 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 firm earned $1.09 EPS. On average, research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMCSA shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Royal Bank Of Canada raised their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Moffett Nathanson lowered their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Rosenblatt Securities decreased their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.50.

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.