O Shaughnessy Asset Management LLC Has $59.95 Million Position in Comcast Corporation $CMCSA

O Shaughnessy Asset Management LLC reduced its stake in Comcast Corporation (NASDAQ:CMCSAFree Report) by 10.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,005,542 shares of the cable giant’s stock after selling 232,728 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Comcast were worth $59,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CenterBook Partners LP acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $525,000. Manchester Capital Management LLC boosted its stake in shares of Comcast by 28.1% in the 4th quarter. Manchester Capital Management LLC now owns 5,933 shares of the cable giant’s stock valued at $177,000 after purchasing an additional 1,303 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $187,000. IMA Advisory Services Inc. boosted its position in Comcast by 1,593.7% during the 4th quarter. IMA Advisory Services Inc. now owns 3,506 shares of the cable giant’s stock worth $105,000 after buying an additional 3,299 shares during the period. Finally, Syon Capital LLC boosted its position in Comcast by 30.6% during the 4th quarter. Syon Capital LLC now owns 50,835 shares of the cable giant’s stock worth $1,519,000 after buying an additional 11,923 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on CMCSA shares. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup lifted their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Scotiabank lifted their target price 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. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Friday, April 24th. Finally, Rosenblatt Securities cut their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.56.

Get Our Latest Research Report on CMCSA

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $23.82 on Monday. The company has a market capitalization of $85.09 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. Comcast Corporation has a 52-week low of $23.13 and a 52-week high of $36.66. 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 moving average price is $26.77 and its 200-day moving average price is $28.43.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS. Equities analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current 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 given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s payout ratio is 25.98%.

About Comcast

(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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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