DekaBank Deutsche Girozentrale Acquires 37,903 Shares of Comcast Corporation (NASDAQ:CMCSA)

DekaBank Deutsche Girozentrale grew its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,003,389 shares of the cable giant's stock after purchasing an additional 37,903 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.11% of Comcast worth $143,254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter valued at $26,000. Abound Financial LLC purchased a new position in Comcast during the first quarter worth about $29,000. Retirement Wealth Solutions LLC grew its position 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 buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast during the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Moffett Nathanson lifted their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. BNP Paribas Exane dropped their price target on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. New Street Research dropped their price target on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, KeyCorp dropped their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Down 1.5%

Shares of Comcast stock traded down $0.53 during midday trading on Wednesday, hitting $35.48. The company had a trading volume of 3,825,816 shares, compared to its average volume of 21,941,489. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $132.45 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.71 and a beta of 0.95. The company has a 50 day moving average of $34.89 and a 200 day moving average of $35.47. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the business posted $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.72%. Comcast's dividend payout ratio (DPR) is currently 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.