Vontobel Holding Ltd. Sells 253,473 Shares of Comcast Corporation $CMCSA

Vontobel Holding Ltd. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,753,396 shares of the cable giant’s stock after selling 253,473 shares during the period. Vontobel Holding Ltd.’s holdings in Comcast were worth $38,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Invesco Ltd. increased its position in shares of Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after purchasing an additional 3,952,642 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after buying an additional 3,783,234 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Comcast by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after buying an additional 507,097 shares during the last quarter. Pacer Advisors Inc. grew its position in Comcast by 19.6% during the fourth quarter. Pacer Advisors Inc. now owns 15,677,870 shares of the cable giant’s stock valued at $468,612,000 after buying an additional 2,573,360 shares during the period. Finally, Hsbc Holdings PLC grew its position in Comcast by 43.4% during the fourth quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock valued at $404,414,000 after buying an additional 4,175,418 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.13 on Friday, hitting $21.90. 29,589,305 shares of the stock were exchanged, compared to its average volume of 32,739,894. The firm’s 50 day moving average is $24.14 and its two-hundred day moving average is $24.84. Comcast Corporation has a one year low of $20.48 and a one year high of $32.85. The firm has a market capitalization of $77.72 billion, a PE ratio of 7.09, a P/E/G ratio of 1.56 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The business had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the business posted $1.25 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMCSA. Weiss Ratings downgraded shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Scotiabank dropped their target price on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating on the stock in a research note on Friday, October 2nd. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a research report on Friday, October 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $31.00 price target on shares of Comcast in a research note on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $30.81.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.