Comcast Corporation $CMCSA Stock Holdings Boosted by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich increased its position in Comcast Corporation (NASDAQ:CMCSA) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,659 shares of the cable giant’s stock after acquiring an additional 42,741 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Comcast were worth $4,727,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the period. Voya Financial Advisors Inc. grew its position in Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank grew its position in Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares in the last quarter. HUB Investment Partners LLC increased its stake in Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in shares of Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after acquiring an additional 15,865 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.9%

CMCSA stock opened at $23.19 on Thursday. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.03. The firm has a market cap of $82.84 billion, a PE ratio of 4.56, a P/E/G ratio of 1.93 and a beta of 0.67. The firm has a 50 day simple moving average of $24.41 and a 200 day simple moving average of $27.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts forecast that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.7%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. The Goldman Sachs Group decreased their price target on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Monday. Finally, Morgan Stanley decreased their target price on Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.04.

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.