Quintet Private Bank Europe S.A. Purchases 1,781 Shares of Comcast Co. (NASDAQ:CMCSA)

Quintet Private Bank Europe S.A. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,778 shares of the cable giant’s stock after buying an additional 1,781 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Comcast were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Lincoln National Corp lifted its stake in shares of Comcast by 3.1% in the 1st quarter. Lincoln National Corp now owns 61,838 shares of the cable giant’s stock valued at $2,681,000 after acquiring an additional 1,846 shares during the last quarter. Financial Counselors Inc. boosted its stake in shares of Comcast by 4.9% during the first quarter. Financial Counselors Inc. now owns 45,158 shares of the cable giant’s stock valued at $1,958,000 after purchasing an additional 2,111 shares during the period. Salomon & Ludwin LLC grew its holdings in shares of Comcast by 15.5% in the first quarter. Salomon & Ludwin LLC now owns 3,609 shares of the cable giant’s stock worth $156,000 after purchasing an additional 484 shares during the last quarter. Mutual Advisors LLC increased its stake in shares of Comcast by 19.6% in the first quarter. Mutual Advisors LLC now owns 48,617 shares of the cable giant’s stock worth $2,108,000 after buying an additional 7,980 shares during the period. Finally, Boomfish Wealth Group LLC raised its holdings in Comcast by 4.0% during the 1st quarter. Boomfish Wealth Group LLC now owns 30,897 shares of the cable giant’s stock valued at $1,339,000 after buying an additional 1,198 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock traded down $0.57 during trading hours on Monday, hitting $42.99. The company’s stock had a trading volume of 3,365,755 shares, compared to its average volume of 19,604,561. The company has a market cap of $166.48 billion, a PE ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The business has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $39.58. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. Analysts expect that Comcast Co. will post 4.24 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMCSA shares. Barclays boosted their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.