Comcast Corporation $CMCSA Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 27.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,099 shares of the cable giant’s stock after selling 22,023 shares during the period. Capital Investment Advisors LLC’s holdings in Comcast were worth $1,857,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMCSA. Harrell Investment Partners LLC raised its holdings in shares of Comcast by 0.6% in the 3rd quarter. Harrell Investment Partners LLC now owns 85,412 shares of the cable giant’s stock worth $2,684,000 after purchasing an additional 541 shares in the last quarter. Granite Group Advisors LLC boosted its holdings in Comcast by 6.3% during the third quarter. Granite Group Advisors LLC now owns 61,926 shares of the cable giant’s stock worth $1,946,000 after buying an additional 3,664 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Comcast by 20.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 16,848 shares of the cable giant’s stock worth $529,000 after buying an additional 2,869 shares during the last quarter. Benjamin Edwards Inc. grew its position in Comcast by 7.5% in the third quarter. Benjamin Edwards Inc. now owns 186,393 shares of the cable giant’s stock worth $5,856,000 after buying an additional 12,934 shares during the last quarter. Finally, Lecap Asset Management Ltd. increased its holdings in shares of Comcast by 649.0% in the third quarter. Lecap Asset Management Ltd. now owns 45,673 shares of the cable giant’s stock valued at $1,435,000 after buying an additional 39,575 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $28.37 on Friday. The stock has a 50-day simple moving average of $28.00 and a 200 day simple moving average of $31.06. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $38.40. The stock has a market capitalization of $103.38 billion, a PE ratio of 4.72, a P/E/G ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Morgan Stanley cut their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. UBS Group set a $44.00 target price on shares of Comcast in a report on Tuesday. Finally, Evercore ISI cut their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $35.24.

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.