UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 919,555 Shares of Comcast Corporation $CMCSA

by · The Markets Daily

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,217,107 shares of the cable giant’s stock after buying an additional 919,555 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Comcast were worth $843,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Imprint Wealth LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast in the fourth quarter worth $27,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the third quarter worth $28,000. Olistico Wealth LLC bought a new position in shares of Comcast in the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore raised their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada raised their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Friday, April 24th. Citigroup raised their price target on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane cut their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $34.56.

View Our Latest Analysis on Comcast

Comcast Price Performance

NASDAQ:CMCSA opened at $24.50 on Friday. The firm has a market capitalization of $87.52 billion, a price-to-earnings ratio of 4.82, a P/E/G ratio of 1.95 and a beta of 0.67. Comcast Corporation has a 52-week low of $23.13 and a 52-week high of $36.66. The stock has a fifty day moving average of $26.32 and a 200 day moving average of $28.31. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. On average, research analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.4%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

About Comcast

(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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