National Bank of Canada FI Purchases 2,288,637 Shares of Comcast Corporation $CMCSA

National Bank of Canada FI raised its position in Comcast Corporation (NASDAQ:CMCSA) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,513,681 shares of the cable giant’s stock after acquiring an additional 2,288,637 shares during the period. National Bank of Canada FI owned about 0.21% of Comcast worth $236,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CMCSA. Cape Investment Advisory Inc. raised its stake in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares in the last quarter. Titleist Asset Management LLC boosted its stake in Comcast by 4.7% during the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after buying an additional 342 shares in the last quarter. Lakeshore Capital Group Inc. increased its holdings in Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after buying an additional 343 shares during the period. Hengehold Capital Management LLC increased its holdings in Comcast by 0.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after buying an additional 372 shares during the period. Finally, Commonwealth Financial Services LLC raised its stake in shares of Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock valued at $265,000 after buying an additional 372 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $30.34 on Tuesday. The stock has a market capitalization of $109.16 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.72. The firm has a 50 day moving average of $30.18 and a 200-day moving average of $29.80.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the company earned $0.96 EPS. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 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 24.58%.

Analyst Ratings Changes

Several analysts have recently weighed in on CMCSA shares. Royal Bank Of Canada decreased their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Citigroup reissued a “buy” rating and issued a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Sanford C. Bernstein lowered their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $30.00 target price on shares of Comcast in a report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.