Coleford Investment Management Ltd. Sells 194,258 Shares of Comcast Corporation $CMCSA

Coleford Investment Management Ltd. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 54.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 165,691 shares of the cable giant’s stock after selling 194,258 shares during the period. Comcast accounts for about 1.2% of Coleford Investment Management Ltd.’s portfolio, making the stock its 20th largest position. Coleford Investment Management Ltd.’s holdings in Comcast were worth $4,953,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Comcast during the 3rd quarter valued at about $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the 4th quarter valued at about $27,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Evercore lifted their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. New Street Research lowered their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $23.85 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $85.20 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.93 and a beta of 0.67. The company has a 50 day simple moving average of $26.58 and a two-hundred day simple moving average of $28.38. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. As a group, analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

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.