Yousif Capital Management LLC Cuts Stock Holdings in Comcast Corporation $CMCSA

Yousif Capital Management LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 517,703 shares of the cable giant’s stock after selling 31,413 shares during the quarter. Yousif Capital Management LLC’s holdings in Comcast were worth $16,266,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. QRG Capital Management Inc. boosted its position in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the last quarter. Vanguard Group Inc. raised its stake 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 in the last quarter. Aberdeen Group plc lifted its position in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Penserra Capital Management LLC grew its stake in Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after buying an additional 13,653 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Comcast by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after buying an additional 300,898 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Williams Trading set a $40.00 price objective on Comcast in a report on Friday, October 31st. Citigroup reduced their price objective on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Benchmark dropped their target price on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Down 1.0%

CMCSA opened at $29.26 on Tuesday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $28.01 and its 200-day moving average price is $31.57. The company has a market cap of $106.62 billion, a P/E ratio of 4.87, a P/E/G ratio of 2.03 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company 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%. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.