Raiffeisen Bank International AG Purchases 99,038 Shares of Comcast Corporation $CMCSA

Raiffeisen Bank International AG lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 55.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 276,905 shares of the cable giant’s stock after purchasing an additional 99,038 shares during the quarter. Raiffeisen Bank International AG’s holdings in Comcast were worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CMCSA. Allied Private Wealth LLC bought a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Imprint Wealth LLC acquired a new stake in Comcast during the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast in the fourth quarter worth $27,000. Whipplewood Advisors LLC increased its holdings in Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the period. Finally, Main Street Group LTD acquired a new position in shares of Comcast in the 1st quarter valued at approximately $27,000. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank set a $29.00 price target on shares of Comcast in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and lowered their price objective for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. UBS Group reiterated a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company set a $23.00 price target on Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.96.

Comcast Stock Down 0.6%

Shares of CMCSA opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The stock has a market capitalization of $94.57 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.91 and a beta of 0.68. The stock has a fifty day moving average of $24.79 and a 200-day moving average of $26.49.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the company posted $1.25 EPS. Comcast’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.

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.