Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Comcast Corporation $CMCSA

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.4% in the third quarter, Holdings Channel reports. The firm owned 3,825,597 shares of the cable giant’s stock after acquiring an additional 125,527 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Comcast were worth $120,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Comcast during the 2nd quarter valued at $3,528,361,000. Dodge & Cox boosted its position in Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. First Trust Advisors LP raised its holdings in Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after purchasing an additional 5,817,614 shares in the last quarter. Worldquant Millennium Advisors LLC grew its position in Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after buying an additional 4,240,876 shares during the last quarter. Finally, State Street Corp increased its position in shares of Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after acquiring an additional 4,231,140 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Daiwa Capital Markets cut their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Cowen reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Moffett Nathanson decreased their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, November 4th. Finally, KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $34.89.

Comcast Price Performance

Shares of CMCSA opened at $28.16 on Wednesday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $102.61 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The stock’s 50-day moving average price is $28.13 and its two-hundred day moving average price is $30.64.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $31.20 billion during the quarter, compared to analysts’ expectations of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is currently 21.96%.

About Comcast

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.