Miller Howard Investments Inc. NY Lowers Stock Holdings in Comcast Corporation $CMCSA

Miller Howard Investments Inc. NY cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,307,297 shares of the cable giant’s stock after selling 112,538 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Comcast were worth $41,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. State Street Corp lifted its stake in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox raised its stake in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. Norges Bank bought a new stake in shares of Comcast in the 2nd quarter valued at approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 worth $1,289,984,000 after purchasing an additional 2,517,906 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.6%

Shares of NASDAQ:CMCSA opened at $28.37 on Friday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $38.40. 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 $103.38 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The firm has a 50 day simple moving average of $28.00 and a 200 day simple moving average of $31.03.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. Arete Research set a $23.00 price objective on shares of Comcast in a research report on Tuesday. Morgan Stanley decreased their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Scotiabank set a $37.50 price target on shares of Comcast in a research report on Wednesday. Finally, TD Cowen dropped their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.24.

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.