21,330 Shares in Comcast Corporation $CMCSA Bought by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,330 shares of the cable giant’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. State Street Corp increased its stake in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the last quarter. Dodge & Cox increased its stake in shares of Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after buying an additional 1,295,598 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Comcast by 0.7% in the fourth quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock worth $1,081,179,000 after buying an additional 245,271 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after buying an additional 10,633,206 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target 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. UBS Group lowered their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. New Street Research lowered their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given 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 $34.79.

Comcast Stock Performance

Shares of CMCSA opened at $25.20 on Friday. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The company has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71. 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 firm has a fifty day moving average of $27.73 and a 200-day moving average of $28.62.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $30.42 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s payout ratio is 25.98%.

Comcast 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.