Comcast Corporation $CMCSA Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 274.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 616,597 shares of the cable giant’s stock after purchasing an additional 451,938 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Comcast were worth $15,137,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allied Private Wealth LLC purchased a new stake in Comcast during the 2nd quarter valued at about $26,000. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC boosted its holdings in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Main Street Group LTD purchased a new stake in shares of Comcast in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.6%

CMCSA opened at $26.49 on Friday. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $26.49. The firm has a market cap of $94.00 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.89 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the company earned $1.25 EPS. Comcast’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Scotiabank set a $29.00 target price on Comcast in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and lowered their price target for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Rosenblatt Securities reissued a “buy” rating and issued a $31.00 price objective on shares of Comcast in a report on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating and set a $28.00 price objective on shares of Comcast in a research report on Monday, July 13th. Finally, BNP Paribas Exane reduced their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $32.96.

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.