Universal Beteiligungs und Servicegesellschaft mbH Acquires 98,796 Shares of Comcast Corporation (NASDAQ:CMCSA)

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808,559 shares of the cable giant's stock after purchasing an additional 98,796 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Comcast worth $140,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Comcast in the 4th quarter valued at approximately $3,835,226,000. Capital World Investors raised 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 acquiring an additional 11,255,683 shares in the last quarter. KBC Group NV raised its stake in shares of Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after acquiring an additional 8,928,641 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. Finally, Dodge & Cox grew its holdings in Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.1%

Shares of Comcast stock traded down $0.41 during trading hours on Thursday, hitting $35.39. The company's stock had a trading volume of 9,593,520 shares, compared to its average volume of 24,210,527. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $132.12 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. The stock has a 50 day moving average of $35.04 and a 200 day moving average of $35.28. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.73%. Comcast's dividend payout ratio is 32.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Benchmark reissued a "buy" rating on shares of Comcast in a report on Friday, July 18th. Scotiabank lifted their price objective on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Bernstein Bank decreased their price objective on 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 decreased their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.10.

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.