Commerzbank Aktiengesellschaft FI Has $52.93 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Commerzbank Aktiengesellschaft FI cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 30.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,351,633 shares of the cable giant’s stock after selling 603,174 shares during the quarter. Comcast makes up 1.7% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 18th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Comcast were worth $52,930,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Luken Investment Analytics LLC increased its stake in shares of Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares during the period. Steph & Co. lifted its position in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast during the 4th quarter worth approximately $28,000. IAG Wealth Partners LLC raised its stake in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new position in Comcast in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMCSA shares. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Citigroup decreased their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Stock Down 0.6 %

Comcast stock traded down $0.23 during mid-day trading on Tuesday, reaching $40.03. The company’s stock had a trading volume of 13,551,956 shares, compared to its average volume of 20,249,234. The business’s 50 day simple moving average is $38.78 and its 200 day simple moving average is $40.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.30. The company has a market capitalization of $157.06 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.10%. Comcast’s payout ratio is 32.80%.

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.