RNC Capital Management LLC Decreases Holdings in Comcast Corporation $CMCSA

RNC Capital Management LLC reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,273,532 shares of the cable giant’s stock after selling 137,478 shares during the quarter. RNC Capital Management LLC’s holdings in Comcast were worth $38,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Brighton Jones LLC increased its position in Comcast by 150.9% in 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 during the last quarter. Voya Financial Advisors Inc. increased its position in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank increased its position in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC increased its position in Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its position in Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after buying an additional 15,865 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on 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 completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Comcast Trading Down 0.4%

CMCSA opened at $27.07 on Tuesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The stock has a market cap of $96.70 billion, a PE ratio of 5.33, a PEG ratio of 2.19 and a beta of 0.71. The business has a 50 day moving average of $29.39 and a 200-day moving average of $28.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMCSA. Scotiabank lifted their price target on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Friday, April 24th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays set a $28.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, BNP Paribas Exane dropped their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.94.

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.