Kiltearn Partners LLP Has $34.09 Million Position in Comcast Corporation $CMCSA

Kiltearn Partners LLP raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,084,861 shares of the cable giant’s stock after purchasing an additional 26,300 shares during the quarter. Comcast accounts for 6.8% of Kiltearn Partners LLP’s portfolio, making the stock its 4th largest holding. Kiltearn Partners LLP’s holdings in Comcast were worth $34,086,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after buying an additional 1,257,196 shares during the period. State Street Corp grew its position in Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after acquiring an additional 4,231,140 shares during the period. Dodge & Cox raised its stake in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares in the last quarter. Norges Bank acquired a new position in Comcast during the second quarter worth $3,528,361,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after acquiring an additional 2,517,906 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $31.91 on Monday. The business has a fifty day moving average of $30.06 and a 200-day moving average 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. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The firm 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 issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders 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 dividend yield of 4.1%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. BNP Paribas Exane downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a report on Tuesday, February 24th. Scotiabank reduced their price target on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Finally, Benchmark dropped their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Ten research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $34.87.

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.