Czech National Bank Has $24.90 Million Stock Holdings in Comcast Corporation $CMCSA

Czech National Bank boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,105 shares of the cable giant’s stock after purchasing an additional 36,819 shares during the quarter. Czech National Bank’s holdings in Comcast were worth $24,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Vanguard Group Inc. boosted its position 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 valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. North Dakota State Investment Board bought a new position in Comcast during the fourth quarter worth about $3,754,000. Inceptionr LLC bought a new position in Comcast during the first quarter worth about $660,000. Bank of America Corp DE raised its stake in Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after purchasing an additional 3,783,234 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after purchasing an additional 97,601 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.8%

CMCSA opened at $25.36 on Friday. The company has a market cap of $89.99 billion, a P/E ratio of 8.21, a PEG ratio of 1.43 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $23.69 and its 200-day moving average is $27.00. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is presently 42.72%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. BNP Paribas Exane cut their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. The Goldman Sachs Group lowered their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. UBS Group reaffirmed a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $28.00 target price on shares of Comcast in a research report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.96.

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.