Comcast Corporation $CMCSA Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 46.6% in the 1st quarter, HoldingsChannel reports. The fund owned 57,206 shares of the cable giant’s stock after selling 49,929 shares during the quarter. Groupama Asset Managment’s holdings in Comcast were worth $1,642,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC increased its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD purchased a new position in Comcast in the first quarter valued at approximately $27,000. Finally, Richardson Financial Services Inc. raised its holdings in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. BNP Paribas Exane lowered their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Moffett Nathanson cut their price target on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an “underweight” rating in a research report on Friday, July 24th. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Finally, UBS Group reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $32.96.

Comcast Stock Up 1.2%

CMCSA opened at $23.96 on Friday. The company has a market cap of $85.03 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.96 and a beta of 0.67. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45. The business’s fifty day moving average is $23.70 and its two-hundred day moving average is $27.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders 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 yield of 5.5%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is 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.