Comcast Corporation $CMCSA Position Lessened by Rothschild Investment LLC

Rothschild Investment LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,257 shares of the cable giant’s stock after selling 2,277 shares during the quarter. Rothschild Investment LLC’s holdings in Comcast were worth $1,365,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC boosted its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Comcast by 2.2% during the first quarter. Kestra Private Wealth Services LLC now owns 112,630 shares of the cable giant’s stock valued at $4,156,000 after buying an additional 2,477 shares during the last quarter. OneAscent Financial Services LLC boosted its position in shares of Comcast by 23.2% during the first quarter. OneAscent Financial Services LLC now owns 17,797 shares of the cable giant’s stock worth $655,000 after buying an additional 3,350 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Comcast by 86.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 111,497 shares of the cable giant’s stock worth $4,114,000 after buying an additional 51,726 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Comcast by 2.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 294,702 shares of the cable giant’s stock worth $10,874,000 after buying an additional 8,420 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Oppenheimer set a $38.00 price target on Comcast in a report on Tuesday, November 4th. Sanford C. Bernstein reduced their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, October 31st. Citigroup lowered their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $36.12.

Comcast Price Performance

Shares of Comcast stock opened at $27.22 on Tuesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. 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 stock has a market cap of $99.19 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $32.82.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. As a group, sell-side analysts anticipate 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, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s payout ratio is 21.96%.

Comcast Company 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.