Geode Capital Management LLC Has $3.09 Billion Stock Position in Comcast Corporation $CMCSA

Geode Capital Management LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,965,748 shares of the cable giant’s stock after selling 300,570 shares during the quarter. Geode Capital Management LLC’s holdings in Comcast were worth $3,090,384,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC increased its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC grew its stake in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Comcast during the first quarter worth $29,000. Princeton Global Asset Management LLC lifted its stake in shares of Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Comcast during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $27.45 on Wednesday. The business has a 50-day moving average price of $30.49 and a two-hundred day moving average price of $33.00. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $100.02 billion, a P/E ratio of 4.57, a PEG ratio of 1.76 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. As a group, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMCSA shares. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Comcast in a report on Friday, October 31st. Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Benchmark reduced their price objective on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.