Vinva Investment Management Ltd Boosts Stake in Comcast Corporation $CMCSA

Vinva Investment Management Ltd lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 23.2% in the 3rd quarter, Holdings Channel reports. The fund owned 311,734 shares of the cable giant’s stock after acquiring an additional 58,677 shares during the quarter. Vinva Investment Management Ltd’s holdings in Comcast were worth $9,817,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its stake in Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the period. Titleist Asset Management LLC lifted its position in Comcast by 4.7% during the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after buying an additional 342 shares during the period. Lakeshore Capital Group Inc. boosted its holdings in shares of Comcast by 2.6% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after buying an additional 343 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Comcast by 1.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 32,064 shares of the cable giant’s stock valued at $1,144,000 after buying an additional 351 shares in the last quarter. Finally, Hengehold Capital Management LLC grew its position in shares of Comcast by 0.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock worth $2,601,000 after buying an additional 372 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Up 1.0%

CMCSA stock opened at $31.91 on Monday. The stock has a market capitalization of $114.81 billion, a P/E ratio of 5.94, a P/E/G ratio of 2.49 and a beta of 0.79. 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 Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. The business has a fifty day moving average price of $30.06 and a 200-day moving average price of $29.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same period last year, the company earned $0.96 EPS. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

Several brokerages recently issued reports on CMCSA. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Moffett Nathanson lowered their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, TD Cowen dropped their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $34.87.

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.