Comcast Corporation $CMCSA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 13.2% in the fourth quarter, Holdings Channel reports. The firm owned 373,159 shares of the cable giant’s stock after selling 56,812 shares during the period. Intech Investment Management LLC’s holdings in Comcast were worth $11,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. State Street Corp boosted its stake in Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. Dodge & Cox boosted its stake in Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares in the last quarter. Geode Capital Management LLC boosted its stake in Comcast by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Comcast by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock worth $1,081,179,000 after purchasing an additional 245,271 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA opened at $24.87 on Friday. Comcast Corporation has a 12-month low of $24.53 and a 12-month high of $36.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $88.84 billion, a PE ratio of 4.90, a P/E/G ratio of 2.02 and a beta of 0.71. The firm has a 50 day moving average of $27.26 and a two-hundred day moving average of $28.54.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the firm posted $1.09 EPS. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Citigroup lifted their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. New Street Research reduced their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Evercore raised their price target on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.79.

About Comcast

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.