Comcast Corporation $CMCSA Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,273 shares of the cable giant’s stock after selling 31,371 shares during the quarter. Quantbot Technologies LP’s holdings in Comcast were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cape Investment Advisory Inc. lifted its holdings in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the period. OneAscent Family Office LLC raised its position in Comcast by 4.9% during the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock worth $252,000 after buying an additional 332 shares during the last quarter. Titleist Asset Management LLC raised its position in Comcast by 4.7% during the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after buying an additional 342 shares during the last quarter. Lakeshore Capital Group Inc. lifted its stake in shares of Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after acquiring an additional 343 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Comcast by 1.1% in the second quarter. Parkside Financial Bank & Trust now owns 32,064 shares of the cable giant’s stock valued at $1,144,000 after acquiring an additional 351 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

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 completion of the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. The trade was 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. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Scotiabank reduced their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Oppenheimer set a $38.00 price objective on Comcast in a report on Tuesday, November 4th. Citigroup reiterated a “buy” rating and issued a $33.00 price objective (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $34.87.

Comcast Stock Down 0.5%

CMCSA opened at $30.82 on Tuesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97. The firm has a market cap of $110.89 billion, a P/E ratio of 5.74, a PEG ratio of 2.41 and a beta of 0.79. The business’s fifty day simple moving average is $29.89 and its 200 day simple moving average is $29.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio is 24.58%.

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.