Associated Banc Corp Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Associated Banc Corp reduced its position in Comcast Co. (NASDAQ:CMCSAGet Rating) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,974 shares of the cable giant’s stock after selling 1,148 shares during the period. Associated Banc Corp’s holdings in Comcast were worth $20,131,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CMCSA. Viking Global Investors LP purchased a new stake in Comcast during the third quarter valued at approximately $569,179,000. Capital Research Global Investors grew its stake in shares of Comcast by 5.7% during the third quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock valued at $8,025,044,000 after buying an additional 7,794,333 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Comcast by 22.6% during the third quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock valued at $1,373,488,000 after buying an additional 4,523,041 shares during the last quarter. Morgan Stanley grew its stake in shares of Comcast by 10.9% during the second quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock valued at $2,329,271,000 after buying an additional 3,998,777 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Comcast by 17.8% during the fourth quarter. Nordea Investment Management AB now owns 20,962,324 shares of the cable giant’s stock valued at $1,061,112,000 after buying an additional 3,162,019 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Several brokerages recently issued reports on CMCSA. Morgan Stanley dropped their price objective on Comcast from $60.00 to $55.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $62.00 to $60.00 in a research note on Friday, April 29th. Truist Financial cut Comcast from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $50.00 in a research note on Tuesday, March 1st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $67.00 to $50.00 in a research note on Friday, April 29th. Finally, Rosenblatt Securities began coverage on Comcast in a research note on Tuesday, April 19th. They issued a “neutral” rating and a $51.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Buy” and an average target price of $59.46.

In other Comcast news, CEO David N. Watson sold 65,410 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by insiders.

Shares of Comcast stock traded up $0.09 on Friday, hitting $41.48. The company’s stock had a trading volume of 29,683,734 shares, compared to its average volume of 24,029,027. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. Comcast Co. has a 1 year low of $39.47 and a 1 year high of $61.80. The firm has a fifty day moving average price of $45.38 and a 200-day moving average price of $48.46. The company has a market capitalization of $188.04 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The firm had revenue of $31.01 billion during the quarter, compared to analyst estimates of $30.40 billion. During the same quarter in the previous year, the business earned $0.76 EPS. Comcast’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, analysts forecast that Comcast Co. will post 3.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 5th. This represents a $1.08 annualized dividend and a yield of 2.60%. Comcast’s dividend payout ratio (DPR) is currently 34.84%.

Comcast Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Featured Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAGet Rating).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.