ING Groep NV Raises Stake in Comcast Corporation $CMCSA

ING Groep NV raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 137.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,860,452 shares of the cable giant’s stock after purchasing an additional 1,077,580 shares during the period. ING Groep NV’s holdings in Comcast were worth $55,609,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the fourth quarter valued at $27,000. Olistico Wealth LLC purchased a new position in shares of Comcast in the fourth quarter valued at $29,000. Finally, Richardson Financial Services Inc. grew 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 valued at $30,000 after purchasing an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $23.82 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66. The firm has a market cap of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67. The business has a 50-day moving average price of $26.77 and a 200 day moving average price of $28.42.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the firm posted $1.09 EPS. Comcast’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Rosenblatt Securities decreased their price objective on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank Of Canada upped their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Evercore upped their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Nine 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 stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.56.

Comcast Profile

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.