US Bancorp DE Has $80.78 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• US Bancorp DE has decreased its stake in Comcast Corporation by 12.2%, owning approximately 2.26 million shares valued at about $80.78 million.
• Comcast's stock is currently valued at $30.08, with a market cap of $111.06 billion and a PE ratio of 4.97, reflecting a decrease of 2.2% recently.
• The company announced a quarterly dividend of $0.33 per share, which will be paid out on October 22nd, representing an annualized yield of 4.4%.

US Bancorp DE decreased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,263,488 shares of the cable giant's stock after selling 314,653 shares during the period. US Bancorp DE owned approximately 0.06% of Comcast worth $80,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Nuveen LLC acquired a new stake in shares of Comcast in the first quarter worth $940,015,000. Dodge & Cox grew its stake in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock worth $488,140,000 after acquiring an additional 12,586,329 shares during the last quarter. KBC Group NV grew its stake in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock worth $374,927,000 after acquiring an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant's stock worth $280,238,000 after acquiring an additional 4,128,434 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 2.2%

Shares of NASDAQ CMCSA opened at $30.08 on Friday. The stock has a market cap of $111.06 billion, a PE ratio of 4.97, a PEG ratio of 1.83 and a beta of 0.94. The business has a fifty day moving average of $32.54 and a two-hundred day moving average of $34.00. Comcast Corporation has a 52-week low of $30.06 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

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

Comcast Announces Dividend

The business 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 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 4.4%. Comcast's dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMCSA shares. Benchmark reaffirmed a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday. Rosenblatt Securities raised their target price on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Comcast in a research report on Saturday, September 27th. Finally, Sanford C. Bernstein reduced their target price on Comcast from $37.00 to $36.00 and set a "market perform" rating for the company in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.94.

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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