AG2R LA Mondiale Gestion D Actifs Makes New Investment in Comcast Corporation $CMCSA

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 141,944 shares of Comcast Corporation, valued at approximately $4.9 million, in the first quarter.
• Comcast's latest earnings report showed an EPS of $1.25, exceeding expectations, while the company reported a net margin of 18.44% and a revenue of $30.31 billion.
• The company recently announced a quarterly dividend of $0.33, representing an annual yield of 4.0% and a payout ratio of 21.82%.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 141,944 shares of the cable giant's stock, valued at approximately $4,907,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. eCIO Inc. bought a new position in Comcast during the first quarter worth about $167,000. First Hawaiian Bank lifted its holdings in shares of Comcast by 13.1% in the first quarter. First Hawaiian Bank now owns 186,780 shares of the cable giant's stock worth $6,892,000 after buying an additional 21,652 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Comcast by 45.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 1,892 shares of the cable giant's stock worth $70,000 after buying an additional 592 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Comcast by 35.3% in the first quarter. Modern Wealth Management LLC now owns 14,456 shares of the cable giant's stock worth $533,000 after buying an additional 3,769 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Comcast by 22.3% in the first quarter. Jones Financial Companies Lllp now owns 1,087,679 shares of the cable giant's stock worth $39,902,000 after buying an additional 198,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMCSA shares. Morgan Stanley lowered their price target on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Citigroup reissued a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Scotiabank raised their target price on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday. They issued a "sector perform" rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.56.

Comcast Stock Down 0.2%

Shares of Comcast stock opened at $33.40 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The stock has a market capitalization of $123.32 billion, a price-to-earnings ratio of 5.52, a P/E/G ratio of 2.01 and a beta of 0.93. The company's 50 day moving average price is $33.85 and its 200-day moving average price is $34.62.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.0%. Comcast's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.