Capital International Sarl Buys 47,927 Shares of Comcast Corporation $CMCSA

Capital International Sarl increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,668 shares of the cable giant’s stock after purchasing an additional 47,927 shares during the period. Capital International Sarl’s holdings in Comcast were worth $5,370,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. State Street Corp increased its position in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Dodge & Cox increased its position in shares of Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Comcast in the fourth quarter worth approximately $2,498,626,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $23.82 on Monday. The firm has a market cap of $85.09 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50 day moving average price of $26.77 and a 200-day moving average price of $28.43.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley upped their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Scotiabank upped their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.56.

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.