Banque Cantonale Vaudoise Purchases 29,830 Shares of Comcast Corporation $CMCSA

Banque Cantonale Vaudoise boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 46.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,486 shares of the cable giant’s stock after purchasing an additional 29,830 shares during the period. Banque Cantonale Vaudoise’s holdings in Comcast were worth $2,823,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new position in Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the 4th quarter worth about $27,000. United Financial Planning Group LLC bought a new position in Comcast during the 3rd quarter worth about $28,000. Olistico Wealth LLC bought a new position in Comcast during the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. lifted its position in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.3%

Shares of CMCSA stock opened at $24.88 on Thursday. 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 firm’s 50-day moving average is $27.96 and its 200-day moving average is $28.66. The stock has a market cap of $88.88 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 1.99 and a beta of 0.71. Comcast Corporation has a 52-week low of $24.53 and a 52-week high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Sell-side analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Citigroup boosted their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Finally, Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.79.

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.