Comcast Co. (NASDAQ:CMCSA) is LGT Capital Partners LTD.’s 9th Largest Position

LGT Capital Partners LTD. boosted its position in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,423,120 shares of the cable giant’s stock after acquiring an additional 245,750 shares during the quarter. Comcast accounts for 3.2% of LGT Capital Partners LTD.’s portfolio, making the stock its 9th biggest holding. LGT Capital Partners LTD. owned 0.05% of Comcast worth $113,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in Comcast by 2.4% during the fourth quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock valued at $8,958,989,000 after purchasing an additional 4,198,673 shares during the period. Capital Research Global Investors grew its holdings in Comcast by 8.8% during the fourth quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after purchasing an additional 12,642,202 shares during the period. Dodge & Cox grew its holdings in Comcast by 1.1% during the fourth quarter. Dodge & Cox now owns 84,666,165 shares of the cable giant’s stock valued at $4,261,248,000 after purchasing an additional 958,091 shares during the period. Geode Capital Management LLC grew its holdings in Comcast by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 79,539,982 shares of the cable giant’s stock valued at $3,992,896,000 after purchasing an additional 2,575,372 shares during the period. Finally, Norges Bank bought a new stake in Comcast during the fourth quarter valued at about $2,507,025,000. Institutional investors own 83.33% of the company’s stock.

Shares of NASDAQ CMCSA opened at $38.90 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $42.48 and its 200-day moving average price is $46.34. Comcast Co. has a fifty-two week low of $37.56 and a fifty-two week high of $61.80. The company has a market cap of $176.34 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.80 and a beta of 0.96.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The business had revenue of $31.01 billion for the quarter, compared to the consensus estimate of $30.40 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 3.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s payout ratio is 34.84%.

In other news, CAO Daniel C. Murdock sold 8,929 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. Following the transaction, the chief accounting officer now owns 1,817 shares of the company’s stock, valued at approximately $80,856.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on CMCSA shares. Wolfe Research lowered Comcast from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $63.00 to $50.00 in a research note on Thursday, June 2nd. Truist Financial lowered Comcast from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $50.00 in a research note on Tuesday, March 1st. TD Securities dropped their price objective on Comcast from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, April 29th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 10th. Finally, Oppenheimer dropped their price objective on Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $58.38.

About Comcast (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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