Commerzbank Aktiengesellschaft FI Acquires 171,929 Shares of Comcast Corporation $CMCSA

Key Points

• Commerzbank Aktiengesellschaft FI significantly increased its stake in Comcast Corporation by 47.7% during the second quarter, acquiring an additional 171,929 shares, bringing its total holdings to 532,315 shares worth approximately $18.998 million.
• Comcast recently announced a quarterly dividend of $0.33 per share, with a yield of 4.4%, payable to shareholders on October 22nd.
• The stock trades at a market cap of $111.06 billion with analysts forecasting earnings per share of 4.33 for the current year, while the average target price stands at $39.94.

Commerzbank Aktiengesellschaft FI lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 532,315 shares of the cable giant's stock after buying an additional 171,929 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Comcast were worth $18,998,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in Comcast in the first quarter valued at $26,000. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter valued at about $29,000. Finally, Abound Financial LLC bought a new position in Comcast during the 1st quarter valued at about $29,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $30.08 on Friday. The stock has a 50-day moving average price of $32.54 and a 200 day moving average price of $34.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $111.06 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 1.83 and a beta of 0.94. Comcast Corporation has a 12 month low of $30.06 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. Research analysts expect that Comcast Corporation will post 4.33 EPS for the current 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 given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. Comcast's payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMCSA. Royal Bank Of Canada assumed coverage on shares of Comcast in a report on Monday, September 8th. They set a "sector perform" rating and a $38.00 price objective for the company. Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday. Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Comcast in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $39.94.

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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