US Bancorp DE Sells 217,899 Shares of Comcast Corporation $CMCSA

US Bancorp DE reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,045,589 shares of the cable giant’s stock after selling 217,899 shares during the quarter. US Bancorp DE owned approximately 0.06% of Comcast worth $64,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Comcast in the 2nd quarter worth about $3,528,361,000. Dodge & Cox raised its holdings in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after purchasing an additional 17,054,579 shares during the period. First Trust Advisors LP raised its stake in shares of Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after buying an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after purchasing an additional 4,240,876 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after buying an additional 4,231,140 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2%

NASDAQ:CMCSA opened at $30.86 on Friday. The stock has a market cap of $111.03 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 2.40 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average price is $29.84 and its 200-day moving average price is $30.04. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 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%.Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada dropped their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Benchmark cut 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. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Finally, Evercore reduced their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.87.

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.