Financiere des Professionnels Fonds d investissement inc. Has $19.01 Million Stake in Comcast Corporation (NASDAQ:CMCSA)

Financiere des Professionnels Fonds d investissement inc. grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 7.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 515,198 shares of the cable giant's stock after acquiring an additional 37,122 shares during the period. Comcast accounts for approximately 1.2% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 19th biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in Comcast were worth $19,011,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Argentarii LLC lifted its holdings in Comcast by 23.5% during the first quarter. Argentarii LLC now owns 25,301 shares of the cable giant's stock worth $934,000 after acquiring an additional 4,812 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in Comcast by 39.7% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 9,746 shares of the cable giant's stock worth $360,000 after buying an additional 2,768 shares during the period. Core Alternative Capital lifted its stake in shares of Comcast by 10.6% in the 1st quarter. Core Alternative Capital now owns 4,806 shares of the cable giant's stock valued at $177,000 after purchasing an additional 462 shares during the period. Concurrent Investment Advisors LLC increased its position in Comcast by 49.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 82,361 shares of the cable giant's stock valued at $3,039,000 after buying an additional 27,389 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of Comcast by 6.6% in the first quarter. World Investment Advisors now owns 275,439 shares of the cable giant's stock worth $10,164,000 after purchasing an additional 16,973 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research note on Thursday, April 10th. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. The Goldman Sachs Group cut their price target on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bernstein Bank decreased their target price on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.55 during trading hours on Monday, reaching $35.44. The company's stock had a trading volume of 14,962,005 shares, compared to its average volume of 22,032,681. The business has a 50-day simple moving average of $34.81 and a 200 day simple moving average of $35.49. The stock has a market cap of $132.32 billion, a PE ratio of 8.71, a PEG ratio of 1.74 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. 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 posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 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.