Assenagon Asset Management S.A. Acquires 11,102 Shares of Comcast Corporation $CMCSA

Assenagon Asset Management S.A. boosted its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,844 shares of the cable giant's stock after acquiring an additional 11,102 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Comcast were worth $6,633,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisor OS LLC grew its position in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after acquiring an additional 8,841 shares during the period. Resona Asset Management Co. Ltd. grew its position in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after acquiring an additional 118,839 shares during the period. OMNI 360 Wealth Inc. bought a new stake in Comcast in the first quarter valued at $335,000. DAVENPORT & Co LLC grew its holdings in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the last quarter. Finally, Kestra Investment Management LLC grew its holdings in shares of Comcast by 49.5% in the 1st quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant's stock worth $2,632,000 after purchasing an additional 23,607 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Rothschild & Co Redburn decreased their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 price objective on the stock. Loop Capital decreased their target price on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Monday. Finally, Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus target price of $40.22.

Comcast Stock Performance

CMCSA stock opened at $31.62 on Wednesday. The business's fifty day moving average is $33.31 and its 200-day moving average is $34.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $116.75 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 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, October 1st. Comcast's dividend payout ratio (DPR) is currently 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.

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