Banco Bilbao Vizcaya Argentaria S.A. Purchases 35,495 Shares of Comcast Corporation $CMCSA

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 708,555 shares of the cable giant’s stock after purchasing an additional 35,495 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Comcast were worth $22,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after acquiring an additional 307 shares in the last quarter. Titleist Asset Management LLC grew its stake in shares of Comcast by 4.7% during the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after acquiring an additional 342 shares in the last quarter. Lakeshore Capital Group Inc. raised its holdings in shares of Comcast by 2.6% in the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in shares of Comcast by 0.5% in the third quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after purchasing an additional 372 shares during the last quarter. Finally, Commonwealth Financial Services LLC lifted its position in shares of Comcast by 4.6% in the third quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock worth $265,000 after purchasing an additional 372 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $30.16 on Monday. The firm has a market capitalization of $108.51 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. 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 firm’s fifty day moving average price is $30.13 and its two-hundred day moving average price is $29.82. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.72.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. 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, April 1st. Comcast’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Arete Research set a $23.00 price target on shares of Comcast in a research report on Tuesday, January 6th. UBS Group decreased their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Royal Bank Of Canada lowered their target price on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Finally, Citigroup reiterated a “buy” rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.87.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

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.