Cerity Partners LLC Sells 176,754 Shares of Comcast Corporation $CMCSA

Cerity Partners LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 978,870 shares of the cable giant’s stock after selling 176,754 shares during the period. Cerity Partners LLC’s holdings in Comcast were worth $30,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Capital A Wealth Management LLC raised its position in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC grew its holdings in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares in the last quarter. Avalon Trust Co raised its holdings in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth about $29,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Benchmark lowered their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Morgan Stanley decreased their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Arete Research set a $23.00 price target on shares of Comcast in a report on Tuesday. Finally, Oppenheimer set a $38.00 price objective on shares of Comcast in a research report on Tuesday, November 4th. Eleven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.24.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Forbes lays out a buy-side case for Comcast, pointing to its attractive valuation and durable cash flows as reasons long-term investors should consider CMCSA. Why You Should Consider Comcast Stock
• Positive Sentiment: Seeking Alpha highlights Comcast’s 4%+ dividend yield and frames the shares as an income play, a narrative that can attract yield-focused investors and provide downside support. Comcast’s 4%+ Dividend Yield: How It Became An Income Stock
• Neutral Sentiment: Yahoo Finance runs a valuation check after recent share weakness, suggesting CMCSA looks cheaper on several metrics — useful context for value investors but not an immediate catalyst. Comcast (CMCSA) Valuation Check After Recent Share Price Weakness
• Negative Sentiment: KeyBanc downgraded Comcast to a Sell, a direct hit to investor sentiment that can increase selling pressure from funds tracking analyst sentiment. KeyBanc downgrades Comcast (CMCSA) to a Sell
• Negative Sentiment: Benchmark lowered its price target for Comcast to $44 from $46, trimming upside expectations and signaling more conservative near-term forecasts. Benchmark Cuts Comcast (NASDAQ:CMCSA) Price Target to $44.00
• Negative Sentiment: Another report reiterates Benchmark’s cut to $44 (same analyst action noted by The Globe and Mail), reinforcing downward revisions as a headwind. Comcast price target lowered to 44 from 46 at Benchmark
• Negative Sentiment: Arete Research downgraded Comcast from Hold to Strong Sell, adding to the cluster of negative analyst ratings and pressuring sentiment. Arete Downgrades Comcast (NASDAQ:CMCSA) to Sell
• Negative Sentiment: Zacks also flagged the Arete downgrade in its coverage, amplifying the downgrade news across investor channels. Zacks coverage of downgrade
• Negative Sentiment: Reuters reports the market reaction to Comcast’s TV spin has given Paramount more ammunition against Comcast in the Warner Bros. campaign — a strategic/competitive development that could complicate Comcast’s M&A posture and investor confidence. Comcast’s TV spin hands Paramount more ammunition in its Warner Bros campaign

Comcast Trading Up 1.1%

CMCSA opened at $28.21 on Friday. The firm has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $31.11. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.40. The company has a market cap of $102.79 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio is presently 21.96%.

About Comcast

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.