LSV Asset Management Lowers Stake in Comcast Corporation $CMCSA

LSV Asset Management lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,808,535 shares of the cable giant’s stock after selling 35,384 shares during the period. Comcast accounts for 0.9% of LSV Asset Management’s investment portfolio, making the stock its 20th largest holding. LSV Asset Management’s holdings in Comcast were worth $412,737,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CMCSA. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its holdings in shares of Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its holdings in shares of Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after buying an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after buying an additional 15,865 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $25.20 on Friday. The company has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 2.02 and a beta of 0.71. The firm’s fifty day moving average is $27.73 and its 200 day moving average is $28.62. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 52-week low of $24.53 and a 52-week high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for 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%. Comcast’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Sell-side analysts forecast that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Wall Street Zen raised shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.79.

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.