Comcast Corporation $CMCSA Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,757,817 shares of the cable giant’s stock after selling 130,329 shares during the period. Great Lakes Advisors LLC’s holdings in Comcast were worth $52,541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. grew its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares during the period. United Bank grew its holdings in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares during the period. HUB Investment Partners LLC grew its holdings in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after purchasing an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in shares of Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $23.97 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market cap of $85.63 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.95 and a beta of 0.67. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The stock’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $28.34.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMCSA shares. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Scotiabank increased their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Friday, April 24th. New Street Research reduced their target price on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.56.

About Comcast

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.