Crossmark Global Holdings Inc. Has $30.67 Million Stock Position in Comcast Corporation $CMCSA

Crossmark Global Holdings Inc. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 976,210 shares of the cable giant’s stock after acquiring an additional 159,574 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Comcast were worth $30,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in Comcast by 39.9% in the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after purchasing an additional 300,898 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after buying an additional 1,257,196 shares during the period. Penserra Capital Management LLC increased its stake in shares of Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after acquiring an additional 13,653 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Comcast by 9.7% in the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after acquiring an additional 665,635 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Comcast by 75.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after acquiring an additional 146,339 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Stock Up 3.5%

NASDAQ:CMCSA opened at $32.09 on Thursday. The stock has a 50-day simple moving average of $29.97 and a 200 day simple moving average of $29.99. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97. The company has a market cap of $115.46 billion, a PE ratio of 5.98, a PEG ratio of 2.42 and a beta of 0.79. 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 results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm 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 posted $0.96 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on CMCSA. Sanford C. Bernstein lowered their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Moffett Nathanson dropped their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Arete Research set a $23.00 target price on Comcast in a research note on Tuesday, January 6th. Finally, UBS Group lowered their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.87.

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.