Comcast Corporation $CMCSA Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 47.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,020 shares of the cable giant’s stock after selling 32,321 shares during the period. Koss Olinger Consulting LLC’s holdings in Comcast were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMCSA. Norges Bank acquired a new position in Comcast in the 4th quarter valued at $2,498,626,000. Capital Research Global Investors raised its holdings in Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. State Street Corp raised its holdings in Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC raised its holdings in Comcast by 2,970.5% in the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after acquiring an additional 7,153,895 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Comcast by 1,356.2% in the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after acquiring an additional 6,105,867 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 1.2%

CMCSA stock opened at $24.87 on Friday. The company has a market cap of $88.84 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 2.02 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $27.26 and a 200-day simple moving average of $28.54. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66.

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

Comcast Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMCSA. TD Cowen cut their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Citigroup boosted their price target on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. UBS Group cut their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Royal Bank Of Canada upped their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Scotiabank upped their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.79.

Comcast Company 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.