Carnegie Investment Counsel Lowers Holdings in Comcast Corporation $CMCSA

Carnegie Investment Counsel reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 46.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,146 shares of the cable giant’s stock after selling 21,292 shares during the quarter. Carnegie Investment Counsel’s holdings in Comcast were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Comcast by 19.6% in the fourth quarter. Venturi Wealth Management LLC now owns 33,773 shares of the cable giant’s stock worth $1,009,000 after purchasing an additional 5,545 shares during the last quarter. Triad Wealth Partners LLC lifted its position in shares of Comcast by 21.4% in the fourth quarter. Triad Wealth Partners LLC now owns 10,498 shares of the cable giant’s stock worth $314,000 after buying an additional 1,849 shares in the last quarter. Bfsg LLC lifted its position in shares of Comcast by 5.2% in the fourth quarter. Bfsg LLC now owns 12,293 shares of the cable giant’s stock worth $367,000 after buying an additional 605 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in Comcast by 6.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,038,756 shares of the cable giant’s stock valued at $60,938,000 after buying an additional 116,987 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

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

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.93 on Monday. The firm has a market capitalization of $100.49 billion, a PE ratio of 5.20, a PEG ratio of 2.33 and a beta of 0.80. The stock’s fifty day moving average is $30.15 and its 200 day moving average is $29.20. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66. 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 posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Benchmark lowered their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Citigroup reiterated a “buy” rating and set a $33.00 price objective (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.68.

Comcast 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.