Unigestion Holding SA Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Unigestion Holding SA boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,163 shares of the cable giant's stock after acquiring an additional 28,065 shares during the period. Unigestion Holding SA's holdings in Comcast were worth $8,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors grew its stake in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Norges Bank bought a new position in Comcast in the fourth quarter valued at $3,835,226,000. Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its position in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Argus cut Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Oppenheimer dropped their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.6%

CMCSA traded down $0.22 during trading on Thursday, reaching $34.22. The stock had a trading volume of 18,811,475 shares, compared to its average volume of 22,029,199. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market capitalization of $127.77 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's 50 day moving average is $34.48 and its two-hundred day moving average is $36.54.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

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.