Munich Reinsurance Co Stock Corp in Munich Has $4.73 Million Holdings in Comcast Corporation $CMCSA

Munich Reinsurance Co Stock Corp in Munich lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 35.1% in the 1st quarter, Holdings Channel reports. The fund owned 164,659 shares of the cable giant’s stock after buying 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 quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Comcast in the fourth quarter worth approximately $3,754,000. Vest Financial LLC boosted its holdings in shares of Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after purchasing an additional 97,601 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of Comcast by 53.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after purchasing an additional 72,129 shares during the period. Finally, Invesco Ltd. grew its position in Comcast by 10.0% during the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after purchasing an additional 3,952,642 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $23.19 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $82.84 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. The company has a 50 day moving average price of $24.41 and a two-hundred day moving average price of $27.78. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.03.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, equities analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.7%. Comcast’s dividend payout ratio is currently 25.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research reports. Citigroup dropped their price objective on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Monday. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. New Street Research dropped their price target on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada increased their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.