Erste Asset Management GmbH Has $3.09 Million Stake in Comcast Corporation $CMCSA

Key Points

• Erste Asset Management GmbH reduced its stake in Comcast Corporation by 17.1% to 84,406 shares, now valued at approximately $3.1 million.
• Analysts have adjusted their price targets for Comcast, with Morgan Stanley lowering its target from $40.00 to $38.00 and UBS Group from $40.00 to $36.00, reflecting varied ratings from "Strong Buy" to "Sell."
• Comcast announced a quarterly dividend of $0.33 per share, yielding 3.9%, with dividends to be paid on October 22nd.

Erste Asset Management GmbH lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 17.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 84,406 shares of the cable giant's stock after selling 17,453 shares during the period. Erste Asset Management GmbH's holdings in Comcast were worth $3,094,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CMCSA. Brighton Jones LLC raised its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Comcast by 101.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,079 shares of the cable giant's stock valued at $116,000 after buying an additional 1,551 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Comcast by 3.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 78,715 shares of the cable giant's stock valued at $2,954,000 after buying an additional 2,956 shares during the last quarter. MGO One Seven LLC boosted its position in Comcast by 6.7% in the 4th quarter. MGO One Seven LLC now owns 120,233 shares of the cable giant's stock valued at $4,512,000 after buying an additional 7,594 shares during the last quarter. Finally, Burling Wealth Partners LLC bought a new position in Comcast in the 4th quarter valued at $653,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CMCSA shares. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Morgan Stanley reduced their price target on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Finally, Rothschild & Co Redburn reduced their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. One 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 given a Sell rating to the company. According to MarketBeat.com, Comcast has an average rating of "Hold" and a consensus price target of $40.73.

Comcast Stock Down 0.4%

Shares of NASDAQ CMCSA traded down $0.14 during mid-day trading on Monday, reaching $34.01. 17,147,074 shares of the company's stock were exchanged, compared to its average volume of 24,237,479. The firm has a market capitalization of $125.57 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 2.05 and a beta of 0.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $34.21 and a 200 day simple moving average of $34.77. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.Comcast's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

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.