Comcast Corporation $CMCSA Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,735,500 shares of the cable giant’s stock after selling 681,600 shares during the period. Swiss National Bank’s holdings in Comcast were worth $337,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new position in Comcast during the third quarter worth about $9,480,000. LGT Group Foundation grew its holdings in Comcast by 1,462.8% in the 3rd quarter. LGT Group Foundation now owns 456,942 shares of the cable giant’s stock valued at $14,138,000 after buying an additional 427,703 shares during the period. Kiltearn Partners LLP grew its holdings in Comcast by 2.5% in the 3rd quarter. Kiltearn Partners LLP now owns 1,084,861 shares of the cable giant’s stock valued at $34,086,000 after buying an additional 26,300 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Comcast by 25.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 49,774 shares of the cable giant’s stock valued at $1,564,000 after acquiring an additional 10,167 shares during the last quarter. Finally, ProVise Management Group LLC lifted its holdings in shares of Comcast by 3.5% during the 3rd quarter. ProVise Management Group LLC now owns 511,738 shares of the cable giant’s stock worth $16,079,000 after acquiring an additional 17,457 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMCSA shares. UBS Group decreased their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. BNP Paribas Exane downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research note on Tuesday, February 24th. Daiwa Securities Group lowered their price objective on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Comcast Stock Up 1.0%

CMCSA opened at $31.91 on Monday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The firm has a 50 day moving average price of $30.06 and a 200 day moving average price of $29.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $114.81 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 2.49 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same period in the previous year, the company posted $0.96 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 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 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value 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 trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.