Comcast Corporation $CMCSA Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its position in Comcast Corporation by 26.1%, acquiring an additional 65,962 shares, bringing their total holdings to 318,891 shares worth approximately $11.77 million.
• Comcast's stock is currently rated as a Hold with an average price target of $40.73, reflecting mixed analyst sentiments after recent changes in price targets from various firms.
• The company recently announced a quarterly dividend of $0.33 per share, representing an annual yield of 3.9%, with the dividend to be paid on October 22nd.

B. Metzler seel. Sohn & Co. AG increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 26.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,891 shares of the cable giant's stock after acquiring an additional 65,962 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Comcast were worth $11,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC purchased a new stake in Comcast in the 1st quarter valued at approximately $26,000. Abound Financial LLC purchased a new position in shares of Comcast during the 1st quarter worth $29,000. Retirement Wealth Solutions LLC lifted its stake in shares of Comcast by 126.9% during the 1st 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 period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group lowered their price target on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Morgan Stanley lowered their price target on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Rosenblatt Securities increased their price target on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup reiterated a "buy" rating on shares of Comcast in a report on Tuesday. Finally, Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.73.

Comcast Stock Down 1.0%

NASDAQ:CMCSA opened at $33.68 on Wednesday. The company has a market capitalization of $124.35 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The stock has a 50-day simple moving average of $34.17 and a 200 day simple moving average of $34.76. 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 (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping 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 business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the firm earned $1.21 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

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.

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