Mediolanum International Funds Ltd Buys 17,154 Shares of Comcast Corporation $CMCSA

Mediolanum International Funds Ltd lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 504,752 shares of the cable giant’s stock after purchasing an additional 17,154 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Comcast were worth $17,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Cranbrook Wealth Management LLC grew its holdings in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co lifted its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Comcast during the first quarter valued at $29,000. Finally, Princeton Global Asset Management LLC raised its position in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Benchmark decreased their price objective on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, October 31st. Rosenblatt Securities decreased their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Finally, UBS Group set a $34.00 target price on Comcast in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.92.

Comcast Trading Up 2.7%

Comcast stock opened at $27.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.03. The firm has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a P/E/G ratio of 1.83 and a beta of 0.92. The firm has a 50 day moving average of $29.48 and a 200 day moving average of $32.64.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

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.