SG Americas Securities LLC Has $7.57 Million Holdings in Comcast Corporation $CMCSA

SG Americas Securities LLC lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,833 shares of the cable giant’s stock after selling 136,202 shares during the period. SG Americas Securities LLC’s holdings in Comcast were worth $7,567,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. SCS Capital Management LLC bought a new position in Comcast during the first quarter worth about $419,000. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter worth about $29,000. Integrity Alliance LLC. bought a new stake in Comcast in the 1st quarter valued at about $903,000. Finally, Focus Partners Wealth grew its position in shares of Comcast by 2.5% during the 1st quarter. Focus Partners Wealth now owns 857,001 shares of the cable giant’s stock worth $31,623,000 after purchasing an additional 21,181 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.6%

Shares of CMCSA opened at $28.37 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The firm has a market cap of $103.38 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 1.97 and a beta of 0.81. The business’s fifty day moving average is $28.00 and its 200-day moving average is $31.06.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s payout ratio is 21.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities dropped their price target on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Daiwa Capital Markets lowered their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada decreased their price target on Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $35.24.

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.