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Banco Santander S.A. Acquires 63,501 Shares of Comcast Corporation (NASDAQ:CMCSA)

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Key Points

  • Banco Santander S.A. has increased its holdings in Comcast Corporation by 10.0%, now owning 700,126 shares valued at approximately $25.84 million.
  • Comcast reported $1.25 earnings per share for its last quarter, surpassing expectations, with revenues totaling $30.31 billion.
  • The company is set to pay a quarterly dividend of $0.33 per share on October 22nd, with an annualized yield of 4.1%.
  • MarketBeat previews the top five stocks to own by September 1st.

Banco Santander S.A. raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 700,126 shares of the cable giant's stock after acquiring an additional 63,501 shares during the quarter. Banco Santander S.A.'s holdings in Comcast were worth $25,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the first quarter worth $26,000. Abound Financial LLC acquired a new stake in shares of Comcast during the first quarter worth $29,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast during the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CMCSA. The Goldman Sachs Group lowered their price target on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group lowered their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley boosted their price objective on shares of Comcast from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Scotiabank boosted their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus target price of $40.77.

Read Our Latest Stock Analysis on Comcast

Comcast Stock Performance

CMCSA stock traded down $0.71 during mid-day trading on Friday, hitting $32.52. The company had a trading volume of 22,392,993 shares, compared to its average volume of 20,535,802. The firm has a market cap of $121.42 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. 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 12 month low of $31.44 and a 12 month high of $45.31. The stock's fifty day moving average price is $34.79 and its two-hundred day moving average price is $35.09.

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, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 EPS. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.1%. Comcast's payout ratio is currently 21.82%.

Comcast Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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