Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $1.50 Million Stock Position in Comcast Corporation $CMCSA

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5,731.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 52,077 shares of the cable giant’s stock after buying an additional 51,184 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Comcast were worth $1,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. boosted its holdings in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC grew its position in Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares in the last quarter. Oakworth Capital Inc. increased its stake in Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares during the last quarter. WPG Advisers LLC increased its stake in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in Comcast by 55.7% during the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after buying an additional 384 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won’t Fix What’s Actually Broken

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMCSA shares. Morgan Stanley increased their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Scotiabank increased their price target on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, New Street Research decreased their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $34.40.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $23.79 on Friday. Comcast Corporation has a 52-week low of $22.13 and a 52-week high of $36.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $84.98 billion, a P/E ratio of 4.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The company has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $27.92.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Sell-side analysts forecast that Comcast Corporation will post 3.5 earnings per share for the current year.

Comcast Dividend Announcement

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

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.