Clark Estates Inc. NY Acquires 18,144 Shares of Comcast Corporation $CMCSA

Clark Estates Inc. NY boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 41.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,100 shares of the cable giant’s stock after acquiring an additional 18,144 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $1,951,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Comcast in the 2nd quarter worth approximately $3,528,361,000. Dodge & Cox increased its stake in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares during the period. First Trust Advisors LP raised its position in shares of Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after acquiring an additional 5,817,614 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in shares of Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after acquiring an additional 4,240,876 shares during the period. Finally, State Street Corp boosted its holdings in Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after acquiring an additional 4,231,140 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on CMCSA shares. Citigroup reissued a “buy” rating and set a $33.00 price objective (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Loop Capital cut their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Benchmark lowered their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Daiwa Securities Group cut their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Ten analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.90.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated 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 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 position. 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.

Comcast Trading Down 0.1%

CMCSA opened at $31.34 on Monday. The firm’s fifty day moving average is $29.71 and its two-hundred day moving average is $30.03. The firm has a market cap of $112.76 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. 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 announced its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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 given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

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.