Intech Investment Management LLC Trims Position in Comcast Corporation $CMCSA

Intech Investment Management LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,159 shares of the cable giant’s stock after selling 56,812 shares during the period. Intech Investment Management LLC’s holdings in Comcast were worth $11,154,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. CFS Investment Advisory Services LLC grew its holdings in Comcast by 16.1% during the 4th quarter. CFS Investment Advisory Services LLC now owns 23,993 shares of the cable giant’s stock worth $717,000 after acquiring an additional 3,333 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in Comcast by 35.7% during the 4th quarter. Baker Avenue Asset Management LP now owns 16,935 shares of the cable giant’s stock worth $506,000 after acquiring an additional 4,457 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in Comcast during the 4th quarter worth about $36,000. IFG Advisory LLC grew its holdings in Comcast by 6.1% during the 4th quarter. IFG Advisory LLC now owns 122,501 shares of the cable giant’s stock worth $3,662,000 after acquiring an additional 7,087 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in Comcast during the 4th quarter worth about $206,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 target price on shares of Comcast in a report on Friday, January 30th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Stock Down 1.2%

NASDAQ:CMCSA opened at $24.87 on Friday. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The stock has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a P/E/G ratio of 2.02 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $28.54.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.