Groupama Asset Managment Increases Stake in Comcast Corporation $CMCSA

Groupama Asset Managment grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,053 shares of the cable giant’s stock after purchasing an additional 11,707 shares during the quarter. Groupama Asset Managment’s holdings in Comcast were worth $4,593,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CMCSA. Foster Group Inc. grew its holdings in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC boosted its holdings in shares of Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC grew its stake in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares during the last quarter. Webster Bank N. A. increased its holdings in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares during the period. Finally, United Asset Strategies Inc. raised its position in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after purchasing an additional 308 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 report on Tuesday, October 14th. Sanford C. Bernstein reduced their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. UBS Group set a $34.00 target price on shares of Comcast in a research note on Friday, October 31st. Finally, Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and an average target price of $35.92.

Comcast Stock Up 0.6%

Shares of Comcast stock opened at $26.73 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $43.45. The firm has a market cap of $97.38 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 1.82 and a beta of 0.92. The company has a 50-day moving average of $28.93 and a 200 day moving average of $32.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast’s payout ratio is presently 21.96%.

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.