Comcast Corporation $CMCSA Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 90.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,447 shares of the cable giant’s stock after selling 141,015 shares during the period. CWA Asset Management Group LLC’s holdings in Comcast were worth $462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after buying an additional 7,917,335 shares during the period. Dodge & Cox raised its stake in Comcast by 1.2% during the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after acquiring an additional 1,295,598 shares during the period. Norges Bank acquired a new stake in Comcast during the second quarter worth about $3,528,361,000. Capital Research Global Investors lifted its holdings in Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Comcast by 2.9% in the third quarter. Legal & General Group Plc now owns 24,104,774 shares of the cable giant’s stock worth $757,372,000 after acquiring an additional 686,520 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA opened at $29.22 on Wednesday. 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 business’s 50 day moving average is $30.29 and its 200-day moving average is $29.60. The stock has a market cap of $105.13 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.72.

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, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark lowered their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Arete Research set a $23.00 target price on Comcast in a research report on Tuesday, January 6th. Finally, BNP Paribas Exane cut Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research note on Tuesday, February 24th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.87.

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.