Schroder Investment Management Group Decreases Position in Comcast Corporation $CMCSA

Schroder Investment Management Group lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,662,679 shares of the cable giant’s stock after selling 411,306 shares during the quarter. Schroder Investment Management Group’s holdings in Comcast were worth $52,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its stake 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 acquiring an additional 2,593 shares during the last quarter. United Bank lifted its stake in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Comcast during the 2nd quarter worth approximately $647,000. Finally, Rathbones Group PLC increased its position in shares of Comcast by 124.9% in the 2nd quarter. Rathbones Group PLC now owns 28,578 shares of the cable giant’s stock valued at $1,020,000 after purchasing an additional 15,870 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $31.07 on Wednesday. The stock’s 50-day moving average is $30.10 and its two-hundred day moving average is $29.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.72. The firm has a market cap of $111.79 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 2.42 and a beta of 0.79.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. Benchmark decreased their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Moffett Nathanson cut their price target on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Morgan Stanley dropped their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Finally, UBS Group decreased their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $34.87.

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.