Dana Investment Advisors Inc. Cuts Stock Holdings in Comcast Corporation $CMCSA

Dana Investment Advisors Inc. lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 40.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,111 shares of the cable giant’s stock after selling 29,214 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Comcast were worth $1,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the period. Voya Financial Advisors Inc. increased its position in shares of Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank raised its stake in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 4,290 shares during the period. Austin Private Wealth LLC raised its stake in shares of Comcast by 6.5% in the 2nd quarter. Austin Private Wealth LLC now owns 8,208 shares of the cable giant’s stock valued at $293,000 after acquiring an additional 498 shares during the period. Finally, Quaker Wealth Management LLC boosted its position in Comcast by 200.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,095 shares of the cable giant’s stock worth $75,000 after purchasing an additional 4,184 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’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 value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. Citigroup reaffirmed a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a report on Friday, January 30th. JPMorgan Chase & Co. lowered their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Moffett Nathanson reduced their target price on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Royal Bank Of Canada dropped their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Finally, Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $34.87.

Comcast Stock Up 0.2%

Shares of Comcast stock opened at $30.86 on Friday. The company has a market capitalization of $111.03 billion, a P/E ratio of 5.75, a PEG ratio of 2.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. The business’s fifty day moving average price is $29.84 and its two-hundred day moving average price is $30.04.

Comcast (NASDAQ:CMCSA) last issued 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 for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders 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 yield of 4.3%. Comcast’s dividend payout ratio is presently 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.