Comcast Corporation $CMCSA Shares Sold by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 44.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,842 shares of the cable giant’s stock after selling 42,600 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Comcast were worth $1,517,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new position in shares of Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC increased its stake in Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the period. Main Street Group LTD bought a new stake in shares of Comcast during the 1st quarter worth about $27,000. Finally, Richardson Financial Services Inc. raised its position in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $22.80 on Tuesday. The stock has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $27.23. The stock has a market capitalization of $81.45 billion, a PE ratio of 7.38, a P/E/G ratio of 1.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that Comcast Corporation will post 3.47 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. Comcast’s payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a report on Monday, June 29th. Evercore lifted their price target on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.00 price objective on shares of Comcast in a research report on Monday, July 13th. New Street Research reduced their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and cut their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average target price of $32.96.

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.