Comcast Corporation $CMCSA Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,572,629 shares of the cable giant’s stock after acquiring an additional 248,144 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Comcast were worth $56,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foster Group Inc. grew its stake in Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after purchasing an additional 282 shares in the last quarter. Toth Financial Advisory Corp grew its stake in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC grew its stake in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares in the last quarter. Webster Bank N. A. grew its stake in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. grew its stake in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Loop Capital decreased their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. UBS Group decreased their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Finally, Moffett Nathanson lifted their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.07.

Comcast Stock Down 1.7%

Comcast stock opened at $30.40 on Friday. Comcast Corporation has a twelve month low of $30.38 and a twelve month high of $45.31. The stock has a 50 day moving average of $32.79 and a two-hundred day moving average of $34.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94.

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 analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.

Comcast Company Profile

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.