Raiffeisen Bank International AG Has $1.73 Million Position in Comcast Corporation $CMCSA

Raiffeisen Bank International AG boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 71.2% in the third quarter, HoldingsChannel reports. The firm owned 55,061 shares of the cable giant’s stock after buying an additional 22,904 shares during the period. Raiffeisen Bank International AG’s holdings in Comcast were worth $1,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital A Wealth Management LLC boosted its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co increased its position in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Comcast during the 2nd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. bought a new position in Comcast in the second quarter worth approximately $31,000. Finally, Total Investment Management Inc. bought a new position in Comcast in the second quarter worth approximately $33,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMCSA shares. Morgan Stanley decreased their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Sanford C. Bernstein lowered their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Williams Trading set a $40.00 price target on shares of Comcast in a report on Friday, October 31st. Finally, Citigroup reiterated a “buy” rating and issued a $33.00 target price (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.90.

Comcast Trading Down 0.1%

Shares of CMCSA opened at $31.34 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.97. The business has a 50-day moving average of $29.71 and a 200 day moving average of $30.05. The firm has a market cap of $112.76 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

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.