Banque de Luxembourg S.A. Sells 38,593 Shares of Comcast Corporation $CMCSA

Banque de Luxembourg S.A. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,298 shares of the cable giant’s stock after selling 38,593 shares during the period. Comcast makes up about 1.8% of Banque de Luxembourg S.A.’s holdings, making the stock its 17th biggest position. Banque de Luxembourg S.A.’s holdings in Comcast were worth $3,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Foster Group Inc. grew its position in shares of Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares in the last quarter. Argyle Capital Management LLC boosted its stake in Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the period. Webster Bank N. A. grew its holdings in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after buying an additional 307 shares during the period. Finally, Coign Capital Advisors LLC lifted its holdings in shares of Comcast by 2.1% in the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CMCSA shares. Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Daiwa Capital Markets reduced their price target on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Moffett Nathanson lowered their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Finally, Barclays lowered their price target on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $35.92.

Comcast Stock Down 0.4%

Shares of NASDAQ:CMCSA opened at $29.66 on Friday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.40. 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’s 50-day moving average price is $28.01 and its 200-day moving average price is $31.45. The stock has a market capitalization of $108.08 billion, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.