Swiss National Bank Sells 147,400 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Swiss National Bank has decreased its stake in Comcast Corporation by 1.4%, selling 147,400 shares and holding approximately 10.77 million shares worth $397.25 million as of the latest reporting.
• Several institutional investors, including Capital World Investors and UBS Asset Management, have increased their positions in Comcast, indicating ongoing interest from hedge funds.
• Comcast recently announced a quarterly dividend of $0.33 per share, representing an annualized yield of 4.2%, with the ex-dividend date set for October 1st.

Swiss National Bank trimmed its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,765,600 shares of the cable giant's stock after selling 147,400 shares during the period. Swiss National Bank owned about 0.29% of Comcast worth $397,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors boosted its stake in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Dodge & Cox boosted its stake in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Northern Trust Corp boosted its stake in Comcast by 12.8% during the fourth quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant's stock worth $1,594,256,000 after acquiring an additional 4,819,443 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Comcast by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock worth $1,326,912,000 after acquiring an additional 4,991,891 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ CMCSA remained flat at $31.67 during midday trading on Friday. 16,091,644 shares of the stock traded hands, compared to its average volume of 22,820,288. The company's 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $34.94. The stock has a market cap of $116.93 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on CMCSA shares. Scotiabank increased their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. UBS Group cut their target price on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Bernstein Bank lowered their price objective 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. Finally, Rothschild & Co Redburn lowered their price objective on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Three 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 company's stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus target price of $40.73.

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.