Raiffeisen Bank International AG Buys 22,904 Shares of Comcast Corporation $CMCSA

Raiffeisen Bank International AG raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 71.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,061 shares of the cable giant’s stock after buying an additional 22,904 shares during the period. Raiffeisen Bank International AG’s holdings in Comcast were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CMCSA. Capital A Wealth Management LLC grew its position in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Avalon Trust Co raised its position in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the second quarter valued at about $29,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Comcast during the second quarter valued at about $31,000. Finally, Total Investment Management Inc. bought a new stake in shares of Comcast during the second quarter worth about $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is currently owned by insiders.

Comcast Trading Down 0.1%

NASDAQ:CMCSA opened at $31.34 on Friday. The firm’s fifty day moving average is $29.71 and its 200-day moving average is $30.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97. The firm has a market cap of $112.76 billion, a P/E ratio of 5.84, a P/E/G ratio of 2.44 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. Equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a report on Friday, January 30th. Oppenheimer set a $38.00 price target on shares of Comcast in a research report on Tuesday, November 4th. Arete Research set a $23.00 price target on shares of Comcast in a research note on Tuesday, January 6th. Evercore cut their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. Ten analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $34.90.

About Comcast

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.