Comcast Corporation $CMCSA Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,662,679 shares of the cable giant’s stock after selling 411,306 shares during the period. Schroder Investment Management Group’s holdings in Comcast were worth $52,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Vanguard Group Inc. lifted its stake in Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. State Street Corp grew its position in shares of Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox increased its holdings in shares of Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares during the last quarter. Norges Bank purchased a new position in Comcast during the second quarter worth approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after buying an additional 2,517,906 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.1%

Comcast stock opened at $31.07 on Wednesday. The company has a market capitalization of $111.79 billion, a PE ratio of 5.79, a price-to-earnings-growth 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 Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.72. The firm has a 50 day moving average price of $30.10 and a 200 day moving average price of $29.90.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS 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 company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same period 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. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors 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 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCSA shares. Citigroup restated a “buy” rating and issued a $33.00 target price (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Pivotal Research cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Sanford C. Bernstein reduced their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada decreased their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $34.87.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

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.