111 Capital Has $1.22 Million Stake in Comcast Corporation $CMCSA

111 Capital lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 69.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,809 shares of the cable giant’s stock after selling 87,772 shares during the period. 111 Capital’s holdings in Comcast were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital A Wealth Management LLC raised its holdings 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 acquiring an additional 436 shares in the last quarter. Avalon Trust Co grew its holdings in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Comcast in the second quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast in the second quarter valued at about $31,000. Finally, Corsicana & Co. acquired a new position in Comcast in the third quarter valued at about $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CMCSA shares. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Barclays set a $28.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. TD Cowen lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Finally, Arete Research set a $23.00 target price on Comcast in a report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.87.

Comcast Stock Performance

NASDAQ:CMCSA opened at $30.96 on Monday. The stock’s 50-day moving average is $29.86 and its 200-day moving average is $30.01. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. 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 has a market cap of $111.39 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

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.