Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 47.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,299 shares of the cable giant’s stock after selling 8,527 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Comcast were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank bought a new position in Comcast during the fourth quarter valued at about $3,835,226,000. Capital World Investors raised its position in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. KBC Group NV increased its position in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after buying an additional 8,928,641 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. Finally, Dodge & Cox boosted its stake in Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Thursday, April 10th. Arete Research upgraded Comcast to a “hold” rating in a research report on Tuesday, July 8th. Bernstein Bank dropped their price objective on Comcast from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.10.

Comcast Price Performance

NASDAQ:CMCSA opened at $34.54 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $35.00 and its two-hundred day simple moving average is $35.30. The stock has a market cap of $128.96 billion, a PE ratio of 8.49, a P/E/G ratio of 1.68 and a beta of 0.95. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast’s payout ratio is 32.43%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.