LSV Asset Management Sells 35,384 Shares of Comcast Corporation $CMCSA

LSV Asset Management reduced its position in shares of Comcast Corporation (NASDAQ:CMCSAFree Report) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,808,535 shares of the cable giant’s stock after selling 35,384 shares during the quarter. Comcast accounts for about 0.9% of LSV Asset Management’s investment portfolio, making the stock its 20th biggest holding. LSV Asset Management owned 0.38% of Comcast worth $412,737,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. Principal Financial Group Inc. grew its stake in shares of Comcast by 9.7% in the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after acquiring an additional 665,635 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of Comcast by 75.3% in the third 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 during the period. Rothschild & Co Wealth Management UK Ltd grew its stake in shares of Comcast by 1.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after acquiring an additional 113,461 shares during the period. Finally, Candriam S.C.A. grew its stake in shares of Comcast by 3.5% in the third 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 currently owned by institutional investors.

Comcast Stock Up 0.5%

CMCSA opened at $25.20 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company has a market capitalization of $90.02 billion, a PE ratio of 4.96, a PEG ratio of 2.02 and a beta of 0.71. The firm’s 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $28.62.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $30.42 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.2%. Comcast’s payout ratio is currently 25.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Morgan Stanley increased their price target on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Scotiabank increased their price target on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.79.

Get Our Latest Stock Report on Comcast

Comcast Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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