Sava Infond d.o.o. Increases Stake in Comcast Corporation $CMCSA

Sava Infond d.o.o. increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 208.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,870 shares of the cable giant’s stock after buying an additional 6,670 shares during the period. Sava Infond d.o.o.’s holdings in Comcast were worth $352,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Advisor OS LLC increased its position in shares of Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after purchasing an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $335,000. DAVENPORT & Co LLC increased its position in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after purchasing an additional 1,261,278 shares during the last quarter. Finally, Kestra Investment Management LLC increased its position in shares of Comcast by 49.5% in the 1st quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock valued at $2,632,000 after purchasing an additional 23,607 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Rosenblatt Securities increased their target price on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Arete Research raised shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.26.

Comcast Stock Up 1.6%

CMCSA stock opened at $30.90 on Friday. Comcast Corporation has a one year low of $30.38 and a one year high of $45.31. The stock has a market capitalization of $114.09 billion, a PE ratio of 5.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $32.73 and a 200-day moving average of $34.16.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter last year, the business earned $1.21 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.