Yousif Capital Management LLC Cuts Position in Comcast Corporation $CMCSA

Yousif Capital Management LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 477,260 shares of the cable giant’s stock after selling 40,443 shares during the period. Yousif Capital Management LLC’s holdings in Comcast were worth $13,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. grew its stake in Comcast by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after buying an additional 300,898 shares during the last quarter. Principal Financial Group Inc. grew its stake in Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after buying an additional 665,635 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after buying an additional 146,339 shares during the last quarter. Candriam S.C.A. grew its stake in Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after buying an additional 32,262 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd grew its stake in Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after buying an additional 113,461 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CMCSA shares. Arete Research set a $23.00 target price on shares of Comcast in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.71.

Comcast Stock Up 0.5%

Shares of CMCSA opened at $27.79 on Wednesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. 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 company has a market capitalization of $99.98 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 2.26 and a beta of 0.80. The stock’s 50-day moving average price is $30.22 and its 200-day moving average price is $29.28.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio is 24.58%.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction 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 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 SEC, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.

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.