Czech National Bank Acquires 36,819 Shares of Comcast Corporation $CMCSA

Czech National Bank increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,014,105 shares of the cable giant’s stock after purchasing an additional 36,819 shares during the quarter. Czech National Bank’s holdings in Comcast were worth $24,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Comcast by 7.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 875,247 shares of the cable giant’s stock valued at $21,487,000 after buying an additional 62,671 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Comcast by 5.0% during the second quarter. Assenagon Asset Management S.A. now owns 232,887 shares of the cable giant’s stock worth $5,717,000 after acquiring an additional 11,052 shares during the last quarter. Red Spruce Capital LLC raised its position in shares of Comcast by 2.3% during the second quarter. Red Spruce Capital LLC now owns 53,793 shares of the cable giant’s stock worth $1,321,000 after acquiring an additional 1,219 shares during the last quarter. Foster Group Inc. lifted its stake in shares of Comcast by 5.7% in the second quarter. Foster Group Inc. now owns 8,595 shares of the cable giant’s stock worth $211,000 after acquiring an additional 460 shares during the period. Finally, Integral Investment Advisors Inc. lifted its stake in shares of Comcast by 4.3% in the second quarter. Integral Investment Advisors Inc. now owns 14,023 shares of the cable giant’s stock worth $344,000 after acquiring an additional 584 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on CMCSA shares. BNP Paribas Exane decreased their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. UBS Group reaffirmed a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Finally, Scotiabank set a $29.00 target price on shares of Comcast in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $32.96.

Comcast Price Performance

Shares of CMCSA opened at $25.36 on Friday. Comcast Corporation has a 12-month low of $21.28 and a 12-month high of $34.45. The business’s fifty day moving average is $23.69 and its 200 day moving average is $27.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock has a market cap of $89.99 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.43 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the business posted $1.25 EPS. Comcast’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

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.