Generali Asset Management SPA SGR Grows Stock Holdings in Comcast Corporation $CMCSA

Key Points

• Generali Asset Management SPA SGR increased its stake in Comcast Corporation by 6.3% in the second quarter, owning 430,476 shares valued at $15.36 million.
• Comcast announced a quarterly dividend of $0.33, equating to an annual yield of 4.4%, with the ex-dividend date set for October 1st.
• Research analysts have provided mixed ratings on Comcast's stock, with an average target price of $39.94 and ratings ranging from "Strong Buy" to "Sell".

Generali Asset Management SPA SGR boosted its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,476 shares of the cable giant's stock after buying an additional 25,345 shares during the quarter. Generali Asset Management SPA SGR's holdings in Comcast were worth $15,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock valued at $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC boosted its holdings in shares of Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. Aberdeen Group plc grew its position in shares of Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant's stock valued at $103,142,000 after buying an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after buying an additional 118,839 shares during the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new stake in Comcast during the 1st quarter worth $335,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. UBS Group set a $43.00 price objective on shares of Comcast in a research note on Friday, October 3rd. Moffett Nathanson upped their target price on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, October 6th. Scotiabank reiterated a "sector perform" rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. Finally, The Goldman Sachs Group lowered their target price on shares of Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $39.94.

Comcast Stock Performance

NASDAQ:CMCSA opened at $29.99 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $110.73 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The firm's fifty day moving average price is $32.37 and its 200 day moving average price is $33.83. Comcast Corporation has a 1-year low of $29.39 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders 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 yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio 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.

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