Van Cleef Asset Management Inc lessened its holdings in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 46.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,319 shares of the cable giant’s stock after selling 208,662 shares during the period. Comcast makes up approximately 0.7% of Van Cleef Asset Management Inc’s portfolio, making the stock its 24th largest position. Van Cleef Asset Management Inc’s holdings in Comcast were worth $7,064,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC purchased a new position in Comcast in the 3rd quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast in the 4th quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new position in Comcast in the 4th quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. boosted its position in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Comcast Trading Down 0.0%
NASDAQ CMCSA opened at $25.20 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s fifty day moving average price is $27.73 and its 200 day moving average price is $28.63. The company has a market capitalization of $90.02 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. Comcast Corporation has a 12 month low of $24.53 and a 12 month high of $36.66.
Comcast Dividend Announcement
The business also recently announced 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 dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Citigroup raised their price objective on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective 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, BNP Paribas Exane reduced their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Nine equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.79.
Get Our Latest Stock Analysis on CMCSA
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.
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