LGT Capital Partners LTD. Has $577,000 Position in Comcast Corporation $CMCSA

LGT Capital Partners LTD. cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 90.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,350 shares of the cable giant’s stock after selling 173,705 shares during the quarter. LGT Capital Partners LTD.’s holdings in Comcast were worth $577,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC raised its holdings in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co boosted its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Comcast during the second quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter worth $31,000. Finally, Corsicana & Co. bought a new position in Comcast during the third quarter valued at about $32,000. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $31.63 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $29.78 and its two-hundred day moving average is $30.03. The company has a market cap of $113.80 billion, a P/E ratio of 5.89, a P/E/G ratio of 2.44 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion during 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%.Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group decreased their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Scotiabank reduced their target price on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a report on Friday, January 30th. Daiwa Securities Group decreased their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. TD Cowen dropped their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.90.

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.