Comcast Corporation $CMCSA Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,059,878 shares of the cable giant’s stock after selling 112,130 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.30% of Comcast worth $347,501,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Comcast by 22.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087,679 shares of the cable giant’s stock valued at $39,902,000 after buying an additional 198,377 shares during the last quarter. Modern Wealth Management LLC boosted its stake in Comcast by 35.3% during the 1st quarter. Modern Wealth Management LLC now owns 14,456 shares of the cable giant’s stock valued at $533,000 after acquiring an additional 3,769 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Comcast in the 2nd quarter worth about $265,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comcast by 19.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 56,317 shares of the cable giant’s stock valued at $2,010,000 after purchasing an additional 9,351 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.6%

CMCSA opened at $28.37 on Monday. Comcast Corporation has a one year low of $25.75 and a one year high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s fifty day moving average is $28.00 and its 200-day moving average is $31.01. The company has a market capitalization of $103.38 billion, a PE ratio of 4.72, a P/E/G ratio of 1.98 and a beta of 0.81.

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

Comcast Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup decreased their target price on Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Arete Research set a $23.00 price objective on shares of Comcast in a research report on Tuesday, January 6th. JPMorgan Chase & Co. cut their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Eleven 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.24.

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.