Miller Investment Management LP Sells 18,780 Shares of Comcast Corporation $CMCSA

Miller Investment Management LP decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 37.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,755 shares of the cable giant’s stock after selling 18,780 shares during the period. Miller Investment Management LP’s holdings in Comcast were worth $966,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. increased its holdings in Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank raised its stake in shares of Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Comcast by 6.5% in the second quarter. Freedom Investment Management Inc. now owns 9,195 shares of the cable giant’s stock worth $328,000 after purchasing an additional 565 shares during the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Comcast by 106.9% in the second quarter. Whipplewood Advisors LLC now owns 1,146 shares of the cable giant’s stock valued at $41,000 after purchasing an additional 592 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.9%

NASDAQ CMCSA opened at $31.63 on Tuesday. The business’s fifty day moving average is $29.78 and its 200-day moving average is $30.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $113.80 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 2.44 and a beta of 0.81. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the prior year, the firm earned $0.96 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders 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 yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMCSA shares. Royal Bank Of Canada decreased their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Williams Trading set a $40.00 target price on shares of Comcast in a research note on Friday, October 31st. Daiwa Securities Group lowered their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Benchmark dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Finally, KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $34.90.

Comcast 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.