Banco Santander S.A. Has $20.85 Million Position in Comcast Corporation $CMCSA

Banco Santander S.A. cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 663,712 shares of the cable giant’s stock after selling 21,906 shares during the quarter. Banco Santander S.A.’s holdings in Comcast were worth $20,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the period. Voya Financial Advisors Inc. raised its position in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank lifted its stake in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares during the period. Austin Private Wealth LLC lifted its stake in Comcast by 6.5% during the second quarter. Austin Private Wealth LLC now owns 8,208 shares of the cable giant’s stock worth $293,000 after purchasing an additional 498 shares during the period. Finally, Quaker Wealth Management LLC boosted its holdings in Comcast by 200.3% during the second quarter. Quaker Wealth Management LLC now owns 2,095 shares of the cable giant’s stock valued at $75,000 after purchasing an additional 4,184 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Loop Capital cut their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. BNP Paribas Exane cut Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Tuesday. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $37.00 in a report on Monday, January 12th. UBS Group dropped their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Finally, Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.87.

Comcast Price Performance

Shares of CMCSA stock opened at $30.86 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $29.84 and its 200-day moving average is $30.04. The firm has a market capitalization of $111.03 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 2.40 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the business posted $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s payout ratio is presently 24.58%.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Profile

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.