First Manhattan CO. LLC. Sells 417,058 Shares of Comcast Corporation $CMCSA

First Manhattan CO. LLC. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,108,247 shares of the cable giant’s stock after selling 417,058 shares during the period. First Manhattan CO. LLC.’s holdings in Comcast were worth $33,125,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CMCSA. Vanguard Group Inc. lifted its stake in Comcast by 0.6% in the 4th 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. Rothschild & Co Wealth Management UK Ltd lifted its stake in Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares in the last quarter. North Dakota State Investment Board bought a new stake in Comcast in the 4th quarter valued at approximately $3,754,000. Vest Financial LLC lifted its stake in Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after acquiring an additional 97,601 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Comcast by 9.7% in the 3rd quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock valued at $246,146,000 after acquiring an additional 693,156 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 4.1%

Shares of Comcast stock opened at $22.69 on Thursday. Comcast Corporation has a 12-month low of $22.55 and a 12-month high of $36.66. The business’s 50 day moving average is $26.05 and its 200-day moving average is $28.26. 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 stock has a market cap of $81.05 billion, a P/E ratio of 4.47, a P/E/G ratio of 1.93 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Friday, April 24th. BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. New Street Research dropped their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.52.

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.