Vontobel Holding Ltd. Buys 53,994 Shares of Comcast Corporation $CMCSA

by · The Cerbat Gem

Vontobel Holding Ltd. boosted its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,058,935 shares of the cable giant’s stock after buying an additional 53,994 shares during the quarter. Vontobel Holding Ltd.’s holdings in Comcast were worth $33,272,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Foster Group Inc. raised its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC grew its stake in shares of Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares during the period. Webster Bank N. A. raised its stake in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares during the period. Cape Investment Advisory Inc. lifted its holdings in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares during the last quarter. Finally, Coign Capital Advisors LLC boosted its holdings in Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.57 on Wednesday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.46. The company has a fifty day moving average of $28.00 and a 200-day moving average of $31.53. The company has a market capitalization of $107.75 billion, a P/E ratio of 4.90, a P/E/G ratio of 2.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s payout ratio is currently 21.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. Sanford C. Bernstein cut their price target on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. UBS Group reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research note on Thursday, December 18th. Finally, Pivotal Research decreased their target price on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.92.

Read Our Latest Report on CMCSA

Comcast Profile

(Free Report)

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.

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