ING Groep NV Acquires 1,077,580 Shares of Comcast Corporation $CMCSA

ING Groep NV boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 137.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,860,452 shares of the cable giant’s stock after buying an additional 1,077,580 shares during the period. ING Groep NV owned approximately 0.05% of Comcast worth $55,609,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC purchased a new stake in Comcast during the third quarter valued at about $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter valued at about $27,000. Olistico Wealth LLC bought a new position in shares of Comcast during the fourth quarter valued at about $29,000. Finally, Richardson Financial Services Inc. grew its stake in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 2.1%

Shares of NASDAQ CMCSA opened at $23.82 on Friday. The firm’s 50 day moving average price is $26.77 and its 200-day moving average price is $28.42. The company 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 0.67. Comcast Corporation has a 52-week low of $23.13 and a 52-week 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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. 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 payout ratio is presently 25.98%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Friday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. New Street Research dropped their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.56.

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.