Heritage Investors Management Corp Sells 111,530 Shares of Comcast Corporation $CMCSA

Heritage Investors Management Corp reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 312,006 shares of the cable giant’s stock after selling 111,530 shares during the quarter. Heritage Investors Management Corp’s holdings in Comcast were worth $9,326,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. FourThought Financial Partners LLC raised its holdings in Comcast by 52.1% in the 4th quarter. FourThought Financial Partners LLC now owns 556,506 shares of the cable giant’s stock worth $16,634,000 after purchasing an additional 190,534 shares during the period. Global Retirement Partners LLC raised its holdings in Comcast by 34.7% in the 4th quarter. Global Retirement Partners LLC now owns 78,562 shares of the cable giant’s stock worth $2,348,000 after purchasing an additional 20,231 shares during the period. Mach 1 Financial Group LLC raised its holdings in Comcast by 486.4% during the fourth quarter. Mach 1 Financial Group LLC now owns 54,363 shares of the cable giant’s stock valued at $1,625,000 after acquiring an additional 45,093 shares during the period. Hi Line Capital Management LLC raised its holdings in Comcast by 5.4% during the fourth quarter. Hi Line Capital Management LLC now owns 261,485 shares of the cable giant’s stock valued at $7,816,000 after acquiring an additional 13,442 shares during the period. Finally, Sierra Summit Advisors LLC bought a new stake in Comcast during the fourth quarter valued at about $1,029,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. UBS Group decreased their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. BNP Paribas Exane decreased their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.79.

Comcast Trading Up 0.8%

Shares of CMCSA stock opened at $25.08 on Friday. Comcast Corporation has a 12-month low of $24.53 and a 12-month high of $36.66. 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 stock’s 50-day moving average price is $27.84 and its 200-day moving average price is $28.64. The stock has a market capitalization of $89.59 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.3%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.