Erste Asset Management GmbH Buys 142,853 Shares of Comcast Corporation $CMCSA

Erste Asset Management GmbH grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 200.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 213,986 shares of the cable giant’s stock after acquiring an additional 142,853 shares during the quarter. Erste Asset Management GmbH’s holdings in Comcast were worth $6,391,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth $2,498,626,000. Capital World Investors raised its holdings in shares of 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 buying an additional 24,166,881 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of 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 buying an additional 21,958,603 shares in the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after buying an additional 7,153,895 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $23.76 on Tuesday. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The business has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $28.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $84.88 billion, a PE ratio of 4.68, a PEG ratio of 1.94 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its 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. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMCSA shares. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. New Street Research lowered their price target on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of Comcast in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $34.56.

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.