Rothschild Investment LLC Has $406,000 Stock Position in Comcast Corporation $CMCSA

Rothschild Investment LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 66.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,931 shares of the cable giant’s stock after selling 25,326 shares during the period. Rothschild Investment LLC’s holdings in Comcast were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CMCSA. Norges Bank acquired a new position in Comcast during the 2nd quarter worth $3,528,361,000. Dodge & Cox raised its position in shares of 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 during the last quarter. First Trust Advisors LP lifted its stake in shares of Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. Finally, State Street Corp boosted its holdings 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 last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 0.6%

CMCSA opened at $28.37 on Friday. The firm’s fifty day moving average is $28.00 and its two-hundred day moving average is $31.03. The firm 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. Comcast Corporation has a twelve month low of $25.75 and a twelve month 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.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders 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 yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Analysts Set New Price Targets

A number of research firms have issued reports on CMCSA. Arete Research set a $23.00 target price on shares of Comcast in a research report on Tuesday. Evercore ISI dropped their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 price objective (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Bank of America reduced their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Rosenblatt Securities cut their price target on Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Eleven investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.