Czech National Bank Sells 6,123 Shares of Comcast Co. (NASDAQ:CMCSA)

Czech National Bank decreased its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 697,191 shares of the cable giant’s stock after selling 6,123 shares during the period. Czech National Bank’s holdings in Comcast were worth $30,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Paralel Advisors LLC grew its stake in Comcast by 1.1% during the third quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock valued at $2,237,000 after acquiring an additional 569 shares in the last quarter. Interchange Capital Partners LLC lifted its position in Comcast by 4.1% during the third quarter. Interchange Capital Partners LLC now owns 13,520 shares of the cable giant’s stock valued at $600,000 after purchasing an additional 531 shares during the last quarter. Rathbones Group PLC lifted its position in Comcast by 100.1% during the third quarter. Rathbones Group PLC now owns 12,918 shares of the cable giant’s stock valued at $573,000 after purchasing an additional 6,462 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Comcast by 25.9% during the third quarter. V Square Quantitative Management LLC now owns 32,722 shares of the cable giant’s stock valued at $1,451,000 after purchasing an additional 6,736 shares during the last quarter. Finally, TFB Advisors LLC lifted its position in Comcast by 27.6% during the third quarter. TFB Advisors LLC now owns 7,327 shares of the cable giant’s stock valued at $325,000 after purchasing an additional 1,583 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMCSA. Macquarie lowered their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Citigroup lowered their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Wells Fargo & Company lowered their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.83.

Get Our Latest Report on CMCSA

Comcast Stock Up 2.6 %

Shares of Comcast stock traded up $0.95 on Thursday, reaching $37.85. The stock had a trading volume of 21,199,678 shares, compared to its average volume of 20,314,902. The company has a 50 day moving average price of $38.83 and a 200 day moving average price of $41.55. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The stock has a market capitalization of $148.51 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.92 and a beta of 1.00.

Comcast (NASDAQ:CMCSAGet Free Report) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.26% of the company’s stock.

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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