Comcast Corporation $CMCSA Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 78,071 shares of the cable giant’s stock after selling 18,998 shares during the period. Signet Financial Management LLC’s holdings in Comcast were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC grew its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co boosted its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the period. Howard Hughes Medical Institute bought a new position in shares of Comcast during the second quarter worth about $29,000. Princeton Global Asset Management LLC increased its holdings in shares of Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Comcast in the 2nd quarter valued at about $31,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Comcast Stock Up 0.2%

CMCSA stock opened at $31.60 on Thursday. The firm has a market cap of $113.69 billion, a PE ratio of 5.88, a P/E/G ratio of 2.46 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $29.55 and a 200 day simple moving average of $30.07.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is 24.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CMCSA shares. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Scotiabank cut their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Citigroup restated a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Royal Bank Of Canada decreased their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Finally, Arete Research set a $23.00 target price on Comcast in a research report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.90.

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.