Natixis Advisors LLC Has $61.35 Million Position in Comcast Corporation $CMCSA

Natixis Advisors LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 38.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,952,441 shares of the cable giant’s stock after selling 1,242,117 shares during the period. Natixis Advisors LLC’s holdings in Comcast were worth $61,345,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Brighton Jones LLC increased its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Voya Financial Advisors Inc. lifted its position in Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after purchasing an additional 2,593 shares during the period. United Bank grew its position in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Comcast by 149.8% in the second quarter. Atlantic Union Bankshares Corp now owns 23,231 shares of the cable giant’s stock valued at $829,000 after buying an additional 13,932 shares during the period. Finally, Bryn Mawr Trust Advisors LLC bought a new position in Comcast in the second quarter valued at approximately $230,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $31.91 on Monday. 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 twelve month low of $25.75 and a twelve month high of $37.97. The firm’s 50 day moving average price is $30.06 and its two-hundred day moving average price is $29.94. The firm has a market cap of $114.81 billion, a P/E ratio of 5.94, a PEG ratio of 2.49 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $32.35 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Wall Street Analyst Weigh In

Several analysts have commented on CMCSA shares. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a research report on Tuesday, February 24th. Barclays set a $28.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. UBS Group reduced their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Daiwa Securities Group decreased 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.87.

Insider Activity

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast 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 sale, the chief executive officer 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 document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast 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.