Comcast Corporation $CMCSA Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 49.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,788 shares of the cable giant’s stock after selling 135,608 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $3,409,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter valued at $2,498,626,000. Capital World Investors grew its holdings in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Comcast by 65.1% in the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after acquiring an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares during the period. Finally, State Street Corp raised its position in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMCSA shares. BNP Paribas Exane decreased their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group reduced their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Royal Bank Of Canada set a $26.00 target price on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.96.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.18 on Friday. The company has a market capitalization of $92.90 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 1.45 and a beta of 0.67. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $23.80 and its 200-day simple moving average is $26.90.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the company posted $1.25 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

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.