Xponance Inc. Trims Stock Holdings in Comcast Corporation $CMCSA

Xponance Inc. trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 533,885 shares of the cable giant’s stock after selling 24,446 shares during the quarter. Xponance Inc.’s holdings in Comcast were worth $16,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Capital A Wealth Management LLC increased its holdings in Comcast by 173.7% during the 2nd 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 increased its stake in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the period. Howard Hughes Medical Institute purchased a new stake in Comcast in the second quarter worth about $29,000. Newbridge Financial Services Group Inc. bought a new position in Comcast during the 2nd quarter worth about $31,000. Finally, Total Investment Management Inc. purchased a new position in Comcast during the 2nd quarter valued at about $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $30.96 on Friday. The business has a fifty day moving average of $29.86 and a 200 day moving average of $30.04. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $111.39 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. Royal Bank Of Canada dropped their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $30.00 price target (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Barclays set a $28.00 price objective on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Finally, Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.32% of the stock is owned by insiders.

About Comcast

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.