Aberdeen Group plc Sells 80,829 Shares of Comcast Corporation $CMCSA

Aberdeen Group plc decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,626,913 shares of the cable giant’s stock after selling 80,829 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of Comcast worth $78,518,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMCSA. Capital A Wealth Management LLC boosted its holdings in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of Comcast in the 3rd quarter worth about $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast during the 3rd quarter valued at about $28,000. Howard Hughes Medical Institute purchased a new position in shares of Comcast during the second quarter valued at about $29,000. Finally, Olistico Wealth LLC purchased a new position in shares of Comcast during the fourth quarter valued at about $29,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CMCSA shares. UBS Group lowered their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. TD Cowen decreased their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Sanford C. Bernstein dropped their price target on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Finally, Arete Research set a $23.00 price target on Comcast in a research note on Tuesday, January 6th. Ten 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.71.

Comcast Stock Performance

CMCSA stock opened at $27.93 on Friday. The stock’s 50 day simple moving average is $30.27 and its 200 day simple moving average is $29.37. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $36.66. The stock has a market capitalization of $100.49 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion during 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 company’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 earnings per share. As a group, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s payout ratio is currently 24.58%.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This 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 link. 1.32% of the stock is owned by insiders.

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.