Comcast Corporation $CMCSA Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 304,615 shares of the cable giant’s stock after selling 176,179 shares during the period. Brevan Howard Capital Management LP’s holdings in Comcast were worth $9,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Osaic Holdings Inc. grew its position in Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after buying an additional 300,898 shares during the period. Vanguard Group Inc. lifted 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 valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the period. Principal Financial Group Inc. lifted its position in shares of Comcast by 9.7% during 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 period. Ashton Thomas Private Wealth LLC boosted its stake in shares of Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after acquiring an additional 146,339 shares in the last quarter. Finally, Candriam S.C.A. grew its holdings in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after acquiring an additional 32,262 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $30.16 on Friday. 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 Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.72. The business has a fifty day moving average of $30.13 and a 200-day moving average of $29.85. The stock has a market cap of $108.51 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating 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 business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Scotiabank lowered their target price on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a report on Friday, January 30th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Finally, Barclays set a $28.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.32% of the stock is currently 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.