Banco Bilbao Vizcaya Argentaria S.A. Has $24.10 Million Stock Holdings in Comcast Corporation $CMCSA

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 653,033 shares of the cable giant's stock after buying an additional 12,755 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Comcast were worth $24,103,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter valued at $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC lifted its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 1.6%

NASDAQ CMCSA traded up $0.55 during trading hours on Friday, hitting $34.15. The company's stock had a trading volume of 25,267,336 shares, compared to its average volume of 24,360,090. The stock has a fifty day moving average of $34.21 and a 200 day moving average of $34.77. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm has a market capitalization of $126.09 billion, a P/E ratio of 5.64, a PEG ratio of 2.01 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMCSA shares. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. BNP Paribas Exane reduced their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley reduced their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Company Profile

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.