Deutsche Bank AG Acquires 155,170 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Deutsche Bank AG increased its stake in Comcast Corporation by 1.2%, acquiring an additional 155,170 shares, bringing its total ownership to 13,564,547 shares valued at $500 million.
• Despite positive earnings reports, analysts have mixed sentiments, with three rating the stock as a sell and many maintaining a "hold" position, resulting in an average target price of $40.73.
• Comcast will pay a quarterly dividend of $0.33 on October 22, representing a 4.1% dividend yield and showcasing a payout ratio of 21.82%.

Deutsche Bank AG boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,564,547 shares of the cable giant's stock after acquiring an additional 155,170 shares during the quarter. Deutsche Bank AG owned 0.36% of Comcast worth $500,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter worth approximately $26,000. Abound Financial LLC bought a new stake in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC increased its position in shares of 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 during the period. Mpwm Advisory Solutions LLC bought a new position in Comcast during the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates raised its stake 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 during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. KeyCorp reduced their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, TD Cowen dropped their price target on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.73.

Comcast Stock Performance

Comcast stock opened at $32.16 on Thursday. The firm's 50 day simple moving average is $34.66 and its 200 day simple moving average is $35.03. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $120.08 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter last year, the company posted $1.21 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is presently 21.82%.

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.

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