Banco Santander S.A. Reduces Stock Holdings in Comcast Corporation $CMCSA

Banco Santander S.A. reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 685,618 shares of the cable giant’s stock after selling 14,508 shares during the period. Banco Santander S.A.’s holdings in Comcast were worth $24,470,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Nuveen LLC purchased a new position in shares of Comcast during the first quarter worth approximately $940,015,000. Dodge & Cox grew its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after acquiring an additional 12,586,329 shares during the last quarter. KBC Group NV grew its position in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after acquiring an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after acquiring an additional 4,128,434 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.28 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $31.92 and a 200 day moving average price of $33.52. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31. The company has a market cap of $108.11 billion, a PE ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMCSA shares. Arete Research upgraded shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada started coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein decreased their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.76.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.