Comcast Corporation $CMCSA Shares Purchased by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd grew its position in Comcast Corporation (NASDAQ:CMCSA) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,327,445 shares of the cable giant’s stock after acquiring an additional 113,461 shares during the quarter. Comcast accounts for about 5.7% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 9th largest position. Rothschild & Co Wealth Management UK Ltd owned 0.31% of Comcast worth $355,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital A Wealth Management LLC lifted its stake in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Avalon Trust Co lifted its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the period. Howard Hughes Medical Institute acquired a new stake in Comcast in the 2nd quarter valued at $29,000. Princeton Global Asset Management LLC grew its position in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter worth $31,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.2%

Shares of CMCSA opened at $31.60 on Thursday. The business’s fifty day moving average price is $29.55 and its two-hundred day moving average price is $30.07. The firm has a market capitalization of $113.69 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.46 and a beta of 0.81. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97. 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 (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Oppenheimer set a $38.00 target price on shares of Comcast in a report on Tuesday, November 4th. Arete Research set a $23.00 price objective on shares of Comcast in a research note on Tuesday, January 6th. UBS Group dropped their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Loop Capital reduced their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.90.

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.