Barclays PLC Sells 349,608 Shares of Comcast Corporation $CMCSA

Barclays PLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,544,669 shares of the cable giant’s stock after selling 349,608 shares during the quarter. Barclays PLC owned approximately 0.40% of Comcast worth $456,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC boosted its holdings in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the period. Avalon Trust Co lifted its position in Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast during the second quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Comcast in the second quarter valued at approximately $31,000. Finally, Total Investment Management Inc. acquired a new position in shares of Comcast in the second quarter valued at approximately $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Scotiabank dropped their price target on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a report on Friday, January 30th. Morgan Stanley dropped their target price on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Benchmark reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Finally, Pivotal Research cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.87.

Comcast Trading Down 1.5%

CMCSA opened at $31.60 on Friday. The stock has a market capitalization of $113.69 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 2.50 and a beta of 0.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company has a 50-day simple moving average of $30.01 and a 200 day simple moving average of $30.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating 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 analysts’ expectations of $32.35 billion. During the same period in the previous year, the company earned $0.96 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast’s dividend payout ratio is presently 24.58%.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s 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 sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.32% of the company’s stock.

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.