Man Group plc Sells 928,363 Shares of Comcast Corporation $CMCSA

Man Group plc decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,457,314 shares of the cable giant’s stock after selling 928,363 shares during the period. Man Group plc’s holdings in Comcast were worth $222,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Imprint Wealth LLC bought a new position in shares of Comcast during the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter worth approximately $27,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the third quarter worth approximately $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Friday, April 24th. Rosenblatt Securities lowered their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. BNP Paribas Exane lowered their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.52.

Comcast Trading Down 4.1%

Shares of NASDAQ:CMCSA opened at $22.69 on Thursday. The company has a market capitalization of $81.05 billion, a P/E ratio of 4.47, a P/E/G ratio of 1.93 and a beta of 0.67. Comcast Corporation has a 1 year low of $22.55 and a 1 year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day simple moving average is $26.05 and its 200 day simple moving average is $28.26.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.8%. Comcast’s dividend payout ratio is currently 25.98%.

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.