Comcast Corporation $CMCSA Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 39.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 932,737 shares of the cable giant’s stock after selling 615,942 shares during the quarter. HighTower Advisors LLC’s holdings in Comcast were worth $27,880,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. State Street Corp grew its position in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. Dodge & Cox grew its position in Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after acquiring an additional 1,295,598 shares in the last quarter. First Eagle Investment Management LLC grew its position in Comcast by 0.7% in the fourth quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock valued at $1,081,179,000 after acquiring an additional 245,271 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMCSA. Morgan Stanley increased their price objective on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Citigroup increased their price objective on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. TD Cowen decreased their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.79.

Comcast Stock Performance

Comcast stock opened at $25.20 on Friday. The company has a market cap of $90.02 billion, a PE ratio of 4.96, a P/E/G ratio of 2.02 and a beta of 0.71. The company has a fifty day moving average price of $27.73 and a two-hundred day moving average price of $28.62. 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 Corporation has a 12 month low of $24.53 and a 12 month high of $36.66.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

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.