Dimensional Fund Advisors LP Lowers Stake in Comcast Corporation $CMCSA

Dimensional Fund Advisors LP lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,125,954 shares of the cable giant’s stock after selling 523,778 shares during the period. Dimensional Fund Advisors LP owned approximately 0.85% of Comcast worth $978,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC grew its stake in shares of Comcast by 173.7% in 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 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 acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Comcast in the second quarter worth $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast in the second quarter worth $31,000. Finally, Corsicana & Co. bought a new position in shares of Comcast during the third quarter valued at $32,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $31.01 on Wednesday. The firm has a fifty day simple moving average of $29.93 and a two-hundred day simple moving average of $29.97. The firm has a market cap of $111.57 billion, a PE ratio of 5.77, a P/E/G ratio of 2.40 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.96 earnings per share. On average, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Daiwa Securities Group cut their price target on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Morgan Stanley decreased their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 target price on shares of Comcast in a research note on Friday, January 30th. Ten equities 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 stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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. Company insiders own 1.26% of the company’s stock.

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.