Czech National Bank Buys 23,005 Shares of Comcast Corporation $CMCSA

Czech National Bank boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 958,350 shares of the cable giant’s stock after buying an additional 23,005 shares during the quarter. Czech National Bank’s holdings in Comcast were worth $28,645,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC grew its stake in shares of 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 acquiring an additional 436 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Comcast during the second quarter valued at about $29,000. Imprint Wealth LLC purchased a new position in Comcast during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new stake in Comcast in the 2nd quarter worth about $31,000. Finally, United Financial Planning Group LLC bought a new stake in Comcast in the 3rd quarter worth about $28,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. The Goldman Sachs Group reduced their target price on Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Arete Research set a $23.00 price objective on Comcast in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein reduced their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.79.

Comcast Stock Down 1.7%

CMCSA opened at $28.73 on Thursday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.72. The company’s 50-day moving average price is $30.29 and its two-hundred day moving average price is $29.59. The stock has a market cap of $103.37 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 2.28 and a beta of 0.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $32.35 billion. During the same quarter last year, the business posted $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

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.