Fifth Third Bancorp lessened its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 20.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 921,325 shares of the cable giant’s stock after selling 238,136 shares during the quarter. Fifth Third Bancorp’s holdings in Comcast were worth $20,048,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of CMCSA. Main Street Group LTD acquired a new position in Comcast during the 1st quarter worth approximately $27,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Comcast in the first quarter valued at approximately $32,000. Allied Private Wealth LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $26,000. Thompson Investment Management Inc. bought a new stake in shares of Comcast in the second quarter worth $29,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Comcast in the third quarter worth $27,000. Institutional investors own 84.32% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on CMCSA shares. KeyCorp cut shares of Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 target price for the company. in a report on Thursday, September 24th. Bank of America reiterated a “buy” rating and issued a $35.00 price target (down from $37.00) on shares of Comcast in a research note on Wednesday, September 16th. UBS Group reiterated a “neutral” rating and issued a $27.00 price target (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. TD Cowen cut their price target on shares of Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of Comcast from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $28.77.
View Our Latest Report on CMCSA
Comcast Trading Up 1.5%
Shares of Comcast stock opened at $25.16 on Friday. Comcast Corporation has a 12-month low of $20.48 and a 12-month high of $32.85. The stock has a market cap of $89.34 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.75 and a beta of 0.72. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $22.96 and its 200-day moving average is $25.89.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, beating the consensus estimate of $0.99 by $0.08. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The company had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 3.54 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, January 6th. Comcast’s dividend payout ratio is 41.77%.
About Comcast
Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States. Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.
Featured Stories
- Five stocks we like better than Comcast
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA – Free Report).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.
