Comcast Corporation $CMCSA Stock Holdings Lowered by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,488,681 shares of the cable giant’s stock after selling 212,635 shares during the quarter. Clearbridge Investments LLC owned 0.51% of Comcast worth $552,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the 4th quarter worth approximately $27,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $28,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. raised its holdings in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 2.1%

Comcast stock opened at $23.82 on Friday. The firm has a market cap of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $28.42. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. On average, research analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMCSA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Citigroup boosted their price target on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Evercore boosted their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $34.56.

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.