Continuum Advisory LLC Has $229,000 Position in Comcast Corporation $CMCSA

Continuum Advisory LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 94.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,646 shares of the cable giant’s stock after selling 143,390 shares during the period. Continuum Advisory LLC’s holdings in Comcast were worth $229,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its position in shares of Comcast by 1.0% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after acquiring an additional 113,461 shares in the last quarter. Candriam S.C.A. increased its position in shares of Comcast by 3.5% during the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after acquiring an additional 32,262 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of Comcast during the fourth quarter worth $3,754,000. Finally, Varma Mutual Pension Insurance Co increased its position in shares of Comcast by 8.8% during the third quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock worth $19,282,000 after acquiring an additional 49,800 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CMCSA shares. Scotiabank increased their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Morgan Stanley increased their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Price Performance

Comcast stock opened at $23.82 on Monday. The company has a market cap of $85.09 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. Comcast Corporation has a 1-year low of $23.13 and a 1-year high of $36.66. The company has a fifty day simple moving average of $26.77 and a 200 day simple moving average of $28.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating 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 net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. Research analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is 25.98%.

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.