Swiss National Bank Acquires 574,300 Shares of Comcast Corporation $CMCSA

Swiss National Bank grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,666,200 shares of the cable giant’s stock after acquiring an additional 574,300 shares during the period. Swiss National Bank’s holdings in Comcast were worth $306,227,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. State Street Corp lifted its stake in Comcast by 3.4% in the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after acquiring an additional 6,117,946 shares during the period. Capital World Investors boosted its holdings in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after acquiring an additional 24,166,881 shares in the last quarter. Dodge & Cox increased its position in Comcast by 0.4% during the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after purchasing an additional 399,596 shares during the period. Finally, Geode Capital Management LLC increased its position in Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 1.3%

NASDAQ:CMCSA opened at $23.79 on Friday. The firm’s 50-day moving average price is $24.00 and its 200-day moving average price is $27.50. The company has a market capitalization of $84.98 billion, a PE ratio of 4.68, a P/E/G ratio of 1.96 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the business earned $1.09 EPS. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 3.48 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Citigroup reduced their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Scotiabank decreased their price target on shares of Comcast from $36.00 to $32.75 and set a “sector perform” rating for the company in a research note on Wednesday. Sanford C. Bernstein restated a “market perform” rating and issued a $28.00 price objective on shares of Comcast in a report on Monday, July 13th. Finally, New Street Research cut their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.64.

Comcast Company 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.