Comcast Corporation $CMCSA Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 498,124 shares of the cable giant’s stock after selling 598,930 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Comcast were worth $14,889,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. increased its holdings in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after acquiring an additional 2,593 shares during the period. United Bank raised its position in 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 purchasing an additional 4,290 shares during the last quarter. XTX Topco Ltd acquired a new stake in Comcast during the 2nd quarter worth $1,016,000. Finally, Groupama Asset Managment boosted its stake in Comcast by 9.9% during the 2nd quarter. Groupama Asset Managment now owns 130,053 shares of the cable giant’s stock worth $4,593,000 after purchasing an additional 11,707 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Benchmark decreased their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. The Goldman Sachs Group reduced their price objective on Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Sanford C. Bernstein decreased their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $34.76.

Comcast Stock Down 1.4%

CMCSA stock opened at $28.33 on Friday. The stock has a market capitalization of $101.93 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. The company has a fifty day moving average of $30.31 and a 200-day moving average of $29.52. 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 Corporation has a one year low of $25.75 and a one year high of $37.48.

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, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for 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 business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current 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 given 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 4.7%. Comcast’s payout ratio is presently 24.58%.

Insider Activity

In other 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 completion of the sale, the chief executive officer directly 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 Securities & Exchange Commission, which is available through this hyperlink. Company 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.