STF Management LP Sells 44,241 Shares of Comcast Corporation $CMCSA

STF Management LP cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 75.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,225 shares of the cable giant’s stock after selling 44,241 shares during the period. STF Management LP’s holdings in Comcast were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CMCSA. Imprint Wealth LLC bought a new stake in shares of Comcast in the third quarter worth approximately $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the third quarter worth approximately $28,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. grew its stake in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Comcast in the fourth quarter worth $33,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup lifted their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a report on Friday, January 30th. Finally, Scotiabank lifted their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.79.

Comcast Stock Performance

CMCSA opened at $24.76 on Friday. The firm has a market cap of $88.45 billion, a P/E ratio of 4.87, a PEG ratio of 1.99 and a beta of 0.71. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company has a 50 day simple moving average of $28.36 and a two-hundred day simple moving average of $28.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. Comcast’s dividend payout ratio is 25.98%.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income appeal and signaling management confidence in cash flow. Comcast Declares Quarterly Dividend
• Positive Sentiment: Zacks highlighted Comcast as one of the better-positioned names in a challenging cable industry, citing growing demand for high-speed internet and stronger media consumption as cord-cutting shifts the market toward broadband. 2 Stocks to Watch From a Challenging Cable Television Industry
• Positive Sentiment: Comcast continues expanding rural broadband access in Florida and Indiana through public-private partnerships, which supports long-term subscriber growth and reinforces the company’s core connectivity business. What Comcast (CMCSA)’s Dividend, Rural Broadband Push and Legal Settlement Means For Shareholders
• Neutral Sentiment: Comcast’s Sky unit is reportedly advancing talks to acquire ITV’s media and entertainment business, a deal that could be strategic but is still early and may require a performance-based payout structure. Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
• Negative Sentiment: Investor sentiment remains weighed down by Comcast’s $117.5 million data-breach settlement, which keeps cybersecurity, legal liability, and reputation risks in focus. Comcast’s US$117.5m Breach Settlement Puts Data Security Risks In Focus
• Negative Sentiment: Recent coverage also notes Comcast hit a new 12-month low after an analyst downgrade, underscoring ongoing concern about growth, competition, and margin pressure. Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low Following Analyst Downgrade

About Comcast

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.