Generali Asset Management SPA SGR Purchases 34,154 Shares of Comcast Corporation $CMCSA

Generali Asset Management SPA SGR lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,630 shares of the cable giant’s stock after purchasing an additional 34,154 shares during the period. Generali Asset Management SPA SGR’s holdings in Comcast were worth $14,599,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CMCSA. Capital A Wealth Management LLC raised its stake in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the period. Cranbrook Wealth Management LLC increased its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the last quarter. Avalon Trust Co raised its stake in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.3%

Shares of CMCSA stock opened at $29.89 on Friday. The stock has a market cap of $108.92 billion, a P/E ratio of 4.97, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $28.04 and a 200 day simple moving average of $31.33.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, November 4th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Loop Capital decreased their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.92.

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.