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J. Safra Sarasin Holding AG Purchases 18,476 Shares of Comcast Corporation (NASDAQ:CMCSA)

Comcast logo with Consumer Discretionary background

J. Safra Sarasin Holding AG raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,022 shares of the cable giant's stock after acquiring an additional 18,476 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Comcast were worth $2,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Inlight Wealth Management LLC purchased a new stake in shares of Comcast in the first quarter worth about $26,000. Abound Financial LLC purchased a new position in Comcast during the 1st quarter valued at approximately $29,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $32.52 on Monday. 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 stock has a market cap of $121.42 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The firm has a 50-day moving average of $34.79 and a two-hundred day moving average of $35.09. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on CMCSA. UBS Group reduced their price target on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Bernstein Bank reduced their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Morgan Stanley increased their price target on shares of Comcast from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.77.

View Our Latest Analysis on Comcast

Comcast Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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