Comcast Corporation $CMCSA Shares Sold by Stonebrook Private Inc.

Stonebrook Private Inc. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 64.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,955 shares of the cable giant’s stock after selling 34,255 shares during the period. Stonebrook Private Inc.’s holdings in Comcast were worth $567,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CMCSA shares. Rosenblatt Securities decreased their price objective on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, June 5th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup lifted their price target on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Trading Up 0.4%

NASDAQ CMCSA opened at $23.85 on Wednesday. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The company has a 50-day simple moving average of $26.58 and a 200-day simple moving average of $28.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $85.20 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business 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 company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. On average, equities analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.