Comcast Corporation $CMCSA Position Lessened by KBC Group NV

KBC Group NV trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,643,254 shares of the cable giant’s stock after selling 97,405 shares during the quarter. KBC Group NV’s holdings in Comcast were worth $47,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. SEB Asset Management AB acquired a new stake in Comcast in the 1st quarter worth approximately $27,089,000. Swiss National Bank raised its holdings in Comcast by 5.7% in the 1st quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant’s stock valued at $306,227,000 after acquiring an additional 574,300 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in Comcast by 2.0% in the first quarter. Valley Wealth Managers Inc. now owns 145,828 shares of the cable giant’s stock worth $4,187,000 after purchasing an additional 2,814 shares during the period. AIA Group Ltd lifted its holdings in shares of Comcast by 9.9% during the 1st quarter. AIA Group Ltd now owns 520,306 shares of the cable giant’s stock worth $14,938,000 after acquiring an additional 46,955 shares during the period. Finally, Paces Ferry Wealth Advisors LLC bought a new position in Comcast during the first quarter worth about $280,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Moffett Nathanson lowered their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Royal Bank Of Canada decreased their price objective on Comcast from $32.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.45.

Comcast Stock Down 0.0%

CMCSA stock opened at $23.78 on Tuesday. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 4.68, a P/E/G ratio of 1.96 and a beta of 0.67. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.01. The business has a 50 day moving average price of $23.98 and a two-hundred day moving average price of $27.44. 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 announced its quarterly earnings data 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. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post 3.48 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 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.