LRT Capital Management LLC Trims Holdings in Comcast Corporation $CMCSA

LRT Capital Management LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,160 shares of the cable giant’s stock after selling 20,477 shares during the period. Comcast accounts for approximately 1.7% of LRT Capital Management LLC’s portfolio, making the stock its 26th biggest position. LRT Capital Management LLC’s holdings in Comcast were worth $2,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Osaic Holdings Inc. boosted its position in shares of Comcast by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after purchasing an additional 300,898 shares during the period. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after buying an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after acquiring an additional 146,339 shares in the last quarter. Finally, Candriam S.C.A. grew its stake in Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays set a $28.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Benchmark reduced 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. Sanford C. Bernstein decreased their price objective on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Citigroup reaffirmed a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Finally, UBS Group decreased their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.6%

NASDAQ CMCSA opened at $30.34 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $30.18 and a 200 day moving average price of $29.80. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.72. The stock has a market capitalization of $109.16 billion, a P/E ratio of 5.65, a P/E/G ratio of 2.35 and a beta of 0.79.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is presently 24.58%.

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.