Van Cleef Asset Management Inc Lowers Stake in Comcast Corporation $CMCSA

Van Cleef Asset Management Inc reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 46.9% during the 4th quarter, HoldingsChannel reports. The firm owned 236,319 shares of the cable giant’s stock after selling 208,662 shares during the period. Comcast accounts for approximately 0.7% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 24th biggest holding. Van Cleef Asset Management Inc’s holdings in Comcast were worth $7,064,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Capital Research Global Investors grew its position in Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after purchasing an additional 10,633,206 shares during the last quarter. State Street Corp grew its position in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC grew its position in Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. Two Sigma Investments LP grew its position in Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after purchasing an additional 6,105,867 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after purchasing an additional 4,240,876 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMCSA. BNP Paribas Exane lowered their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada lifted their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Scotiabank boosted their price target on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.79.

Comcast Trading Down 0.0%

Shares of Comcast stock opened at $25.20 on Monday. Comcast Corporation has a 52-week low of $24.53 and a 52-week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company’s 50-day simple moving average is $27.73 and its 200-day simple moving average is $28.63. The firm has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued 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 payout ratio is currently 25.98%.

Comcast 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.