Comcast Corporation $CMCSA Stock: Kestra Advisory Services LLC Trims Stake

Kestra Advisory Services LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 60.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,530 shares of the cable giant’s stock after selling 363,565 shares during the period. Kestra Advisory Services LLC’s holdings in Comcast were worth $5,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Platform Technology Partners bought a new position in Comcast in the 3rd quarter worth about $337,000. Costello Asset Management INC increased its stake in Comcast by 32.8% during the 3rd quarter. Costello Asset Management INC now owns 4,973 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,228 shares during the period. Bfsg LLC raised its holdings in Comcast by 9.2% during the third quarter. Bfsg LLC now owns 16,206 shares of the cable giant’s stock worth $353,000 after purchasing an additional 1,369 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Comcast by 12.6% in the third quarter. Chicago Partners Investment Group LLC now owns 24,772 shares of the cable giant’s stock valued at $562,000 after buying an additional 2,778 shares during the period. Finally, Smallwood Wealth Investment Management LLC lifted its holdings in Comcast by 6.7% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 7,375 shares of the cable giant’s stock valued at $160,000 after acquiring an additional 460 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $24.80 on Friday. The company has a market capitalization of $88.06 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The business has a 50 day simple moving average of $22.99 and a 200 day simple moving average of $25.90. Comcast Corporation has a one year low of $20.48 and a one year 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.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) 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 company had revenue of $29.30 billion during the quarter, compared to analysts’ expectations of $29.22 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. Comcast’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio (DPR) is presently 41.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMCSA shares. Citigroup reduced their target price on Comcast from $30.00 to $27.50 and set a “buy” rating for the company in a report on Thursday, September 24th. Sanford C. Bernstein restated a “market perform” rating and set a $23.00 price target on shares of Comcast in a report on Tuesday, October 13th. Raymond James Financial restated a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Wells Fargo & Company set a $23.00 price target on Comcast and gave the stock an “underweight” rating in a research note on Friday, July 24th. Finally, Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $28.77.

Comcast News Roundup

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

Comcast Company Profile

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.