Munich Reinsurance Co Stock Corp in Munich Makes New $5.41 Million Investment in Comcast Corporation $CMCSA

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 172,045 shares of the cable giant’s stock, valued at approximately $5,406,000.

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

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Comcast Trading Up 1.0%

Shares of CMCSA stock opened at $31.91 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company’s 50-day moving average price is $30.06 and its 200-day moving average price is $29.96. The stock has a market cap of $114.81 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 2.49 and a beta of 0.79.

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

Comcast Announces Dividend

The company 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. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on CMCSA shares. Sanford C. Bernstein decreased their price objective on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Daiwa Securities Group cut their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Royal Bank Of Canada decreased their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Scotiabank lowered their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target 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.