BI Asset Management Fondsmaeglerselskab A S Grows Stock Holdings in Comcast Corporation $CMCSA

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 81.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 706,391 shares of the cable giant’s stock after acquiring an additional 316,585 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $22,195,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co boosted its position in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast in the second quarter worth approximately $29,000. Princeton Global Asset Management LLC grew its holdings in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $30.50 on Thursday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.97. The company has a market capitalization of $111.14 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 2.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $28.61 and its 200 day moving average price is $30.23.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s payout ratio is currently 24.58%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Oppenheimer set a $38.00 price target on Comcast in a research report on Tuesday, November 4th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a report on Friday, January 30th. TD Cowen decreased their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.90.

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.