Twin Capital Management Inc. lowered its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 28.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,220 shares of the cable giant’s stock after selling 33,591 shares during the quarter. Twin Capital Management Inc.’s holdings in Comcast were worth $2,517,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Cora Capital Advisors LLC lifted its stake in Comcast by 3.4% in the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares in the last quarter. FSA Advisors Inc. raised its position in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares in the last quarter. WPG Advisers LLC raised its position in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares in the last quarter. Finally, First National Trust Co raised its position in shares of Comcast by 0.8% during the 3rd quarter. First National Trust Co now owns 47,047 shares of the cable giant’s stock valued at $1,478,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Comcast Stock Performance
Comcast stock opened at $24.88 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The firm has a market capitalization of $88.88 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The company’s 50-day moving average is $27.96 and its 200 day moving average is $28.66.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CMCSA. New Street Research decreased their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Scotiabank upped their target price on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. BNP Paribas Exane decreased their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Finally, Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $34.79.
Read Our Latest Research Report on Comcast
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.
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