Financiere des Professionnels Fonds d investissement inc. Has $15.81 Million Position in Comcast Corporation $CMCSA

Financiere des Professionnels Fonds d investissement inc. reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 13.0% during the 4th quarter, HoldingsChannel reports. The firm owned 529,090 shares of the cable giant’s stock after selling 79,314 shares during the quarter. Comcast comprises about 0.9% of Financiere des Professionnels Fonds d investissement inc.’s investment portfolio, making the stock its 23rd biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Comcast were worth $15,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Norges Bank acquired a new position in Comcast during the 4th quarter valued at $2,498,626,000. Capital World Investors raised its stake in Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the last quarter. Capital Research Global Investors raised its stake in Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after purchasing an additional 21,958,603 shares during the last quarter. State Street Corp raised its stake in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $23.97 on Thursday. Comcast Corporation has a 1-year low of $23.13 and a 1-year high of $36.66. The firm has a market capitalization of $85.63 billion, a PE ratio of 4.72, a PEG ratio of 1.94 and a beta of 0.67. The business’s 50 day moving average is $26.48 and its 200-day moving average is $28.36. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the firm earned $1.09 EPS. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Analyst Ratings Changes

Several equities analysts recently commented on CMCSA shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Rosenblatt Securities cut their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Scotiabank upped their target price on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.