Miller Howard Investments Inc. NY Sells 112,538 Shares of Comcast Corporation $CMCSA

Miller Howard Investments Inc. NY lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,307,297 shares of the cable giant’s stock after selling 112,538 shares during the period. Miller Howard Investments Inc. NY’s holdings in Comcast were worth $41,075,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Capital A Wealth Management LLC grew its holdings in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Avalon Trust Co lifted its position in Comcast by 433.3% during the 2nd 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. Finally, Howard Hughes Medical Institute bought a new stake in Comcast during the second quarter valued at about $29,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $28.37 on Friday. The firm has a market cap of $103.38 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The firm’s 50-day simple moving average is $28.00 and its 200-day simple moving average is $31.03. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $38.40. 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 released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMCSA shares. Cowen reiterated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. BNP Paribas Exane lifted their price target on Comcast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Barclays dropped their target price on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Finally, Daiwa Capital Markets reduced their price target on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.24.

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.