AG2R LA Mondiale Gestion D Actifs Makes New Investment in Comcast Corporation $CMCSA

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 141,944 shares of the cable giant’s stock, valued at approximately $4,907,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. eCIO Inc. bought a new position in Comcast during the first quarter worth about $167,000. First Hawaiian Bank lifted its holdings in shares of Comcast by 13.1% in the first quarter. First Hawaiian Bank now owns 186,780 shares of the cable giant’s stock worth $6,892,000 after buying an additional 21,652 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Comcast by 45.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 1,892 shares of the cable giant’s stock worth $70,000 after buying an additional 592 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Comcast by 35.3% in the first quarter. Modern Wealth Management LLC now owns 14,456 shares of the cable giant’s stock worth $533,000 after buying an additional 3,769 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Comcast by 22.3% in the first quarter. Jones Financial Companies Lllp now owns 1,087,679 shares of the cable giant’s stock worth $39,902,000 after buying an additional 198,377 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMCSA shares. Morgan Stanley lowered their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. Citigroup reissued a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Scotiabank raised their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday. They issued a “sector perform” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.56.

Comcast Stock Down 0.2%

Shares of Comcast stock opened at $33.40 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The stock has a market capitalization of $123.32 billion, a price-to-earnings ratio of 5.52, a P/E/G ratio of 2.01 and a beta of 0.93. The company’s 50 day moving average price is $33.85 and its 200-day moving average price is $34.62.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.0%. Comcast’s payout ratio is 21.82%.

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.