Comcast Corporation $CMCSA Holdings Lowered by Keybank National Association OH

Keybank National Association OH reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 17.1% in the 3rd quarter, Holdings Channel reports. The firm owned 231,089 shares of the cable giant’s stock after selling 47,833 shares during the quarter. Keybank National Association OH’s holdings in Comcast were worth $5,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Comcast by 824.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares during the last quarter. Nykredit A S purchased a new stake in shares of Comcast during the second quarter worth $185,237,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Comcast during the third quarter worth $135,207,000. Cullen Capital Management LLC acquired a new stake in shares of Comcast in the second quarter valued at about $129,801,000. Finally, Bank of America Corp DE raised its position in shares of Comcast by 10.2% in the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after buying an additional 3,783,234 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.9%

NASDAQ CMCSA opened at $24.80 on Friday. The firm’s 50-day moving average is $22.99 and its two-hundred day moving average is $25.90. Comcast Corporation has a 12 month low of $20.48 and a 12 month high of $32.85. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $88.06 billion, a P/E ratio of 7.85, a PEG ratio of 1.77 and a beta of 0.72.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The business had revenue of $29.30 billion during the quarter, compared to analysts’ expectations of $29.22 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Corporation will post 3.54 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio is currently 41.77%.

Key Comcast News

Investors following CMCSA have been watching these news items:

• Positive Sentiment: A valuation analysis argues Comcast could be trading about 43% below fair value, with job cuts part of the context for its assessment. This points to potential upside if investors gain confidence in the company’s cost and growth outlook. Comcast (CMCSA) Stock Could Be 43% Below Fair Value After Job Cuts
• Positive Sentiment: Comcast connected more than 1,400 previously unserved or underserved locations in West Virginia to multi-gigabit, symmetrical fiber through a public-private partnership supported by federal funding. The rollout expands its broadband footprint, though the near-term financial contribution is unclear. Comcast (CMCSA) Expands Rural Fiber Reach
• Neutral Sentiment: Wall Street analysts reportedly rate the stock “Hold,” reflecting a wait-and-see stance rather than a clear consensus on near-term upside. Comcast Stock Now Rated Hold by Wall Street Analysts

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target on shares of Comcast in a research note on Thursday, October 22nd. UBS Group reaffirmed a “neutral” rating and set a $27.00 price objective (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Barclays set a $24.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, September 29th. KeyCorp downgraded shares of Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price objective for the company. in a report on Thursday, September 24th. Finally, TD Cowen decreased their target price on shares of Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $28.77.

About Comcast

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States. Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.