Banco Bilbao Vizcaya Argentaria S.A. Buys 20,027 Shares of Comcast Corporation $CMCSA

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 673,060 shares of the cable giant’s stock after buying an additional 20,027 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Comcast were worth $24,019,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cranbrook Wealth Management LLC boosted its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC raised its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co lifted its holdings in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd bought a new position in shares of Comcast during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC increased its stake in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMCSA shares. Williams Trading set a $40.00 price objective on shares of Comcast in a research note on Friday, October 31st. Evercore ISI dropped their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Sanford C. Bernstein cut their price target on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.12.

Comcast Price Performance

NASDAQ CMCSA opened at $27.97 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $44.06. The company has a market cap of $101.92 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.81 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $30.25 and its 200 day moving average price is $32.93.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

About Comcast

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.