Comcast Corporation $CMCSA Shares Sold by Smith Moore & CO.

Smith Moore & CO. reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 69.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,746 shares of the cable giant’s stock after selling 19,677 shares during the quarter. Smith Moore & CO.’s holdings in Comcast were worth $261,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Deprince Race & Zollo Inc. grew its position in Comcast by 9.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,025,466 shares of the cable giant’s stock valued at $30,651,000 after acquiring an additional 88,449 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Comcast by 18.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 80,004 shares of the cable giant’s stock valued at $2,391,000 after buying an additional 12,292 shares during the period. HF Advisory Group LLC boosted its stake in shares of Comcast by 21.3% in the 4th quarter. HF Advisory Group LLC now owns 56,531 shares of the cable giant’s stock valued at $1,690,000 after buying an additional 9,937 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Comcast by 6.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,729,109 shares of the cable giant’s stock valued at $328,437,000 after buying an additional 669,231 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its stake in shares of Comcast by 9.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 6,570 shares of the cable giant’s stock valued at $196,000 after buying an additional 542 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMCSA. Arete Research set a $23.00 price objective on Comcast in a research note on Tuesday, January 6th. Barclays set a $28.00 price objective on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. TD Cowen decreased their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Sanford C. Bernstein decreased their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Finally, Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.81.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction 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. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $28.30 on Thursday. 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 $36.66. The firm has a market capitalization of $101.82 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. The stock’s 50-day simple moving average is $30.05 and its 200-day simple moving average is $29.15.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast 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. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) 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.