Czech National Bank Buys 38,652 Shares of Comcast Co. (NASDAQ:CMCSA)

Czech National Bank raised its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 866,274 shares of the cable giant's stock after purchasing an additional 38,652 shares during the period. Czech National Bank's holdings in Comcast were worth $31,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter valued at approximately $28,000. Retirement Wealth Solutions LLC lifted its stake in 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 purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.4%

CMCSA traded down $0.14 during midday trading on Thursday, hitting $34.30. 8,702,249 shares of the company were exchanged, compared to its average volume of 25,915,771. The firm's 50 day moving average price is $34.48 and its 200-day moving average price is $36.54. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $128.07 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

A number of research firms have recently commented on CMCSA. Oppenheimer lowered their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast 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.