Rothschild & Co Wealth Management UK Ltd Has $406.41 Million Stake in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in Comcast Corporation by 0.6% during the first quarter, holding approximately 11 million shares valued at around $406 million.
• Comcast's stock has seen a decline of 1.2% and currently trades at $35.37, with a market cap of $132.06 billion and a price-to-earnings ratio of 8.69.
• Analysts have mixed opinions, with a consensus rating of "Hold" and a target price averaging $41.10 for Comcast shares.

Rothschild & Co Wealth Management UK Ltd raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,013,766 shares of the cable giant's stock after acquiring an additional 70,635 shares during the period. Comcast comprises 6.8% of Rothschild & Co Wealth Management UK Ltd's holdings, making the stock its 8th biggest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.29% of Comcast worth $406,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter worth about $26,000. Abound Financial LLC bought a new stake in Comcast in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates boosted its holdings in Comcast by 203.4% in the first 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. Institutional investors own 84.32% of the company's stock.

Comcast Trading Down 1.0%

Shares of CMCSA stock traded down $0.34 during trading hours on Tuesday, reaching $33.19. The company's stock had a trading volume of 10,374,200 shares, compared to its average volume of 24,189,758. 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 one year low of $31.44 and a one year high of $45.31. The stock has a market capitalization of $123.94 billion, a P/E ratio of 8.15, a P/E/G ratio of 1.63 and a beta of 0.95. The firm's fifty day simple moving average is $34.97 and its 200 day simple moving average is $35.20.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.98%. Comcast's dividend payout ratio is presently 32.43%.

Analysts Set New Price Targets

Several brokerages have issued reports on CMCSA. Morgan Stanley set a $40.00 price target on Comcast and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Benchmark reissued a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Barclays lowered their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, Rosenblatt Securities increased their target price on Comcast from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Friday. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus price target of $41.13.

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.