Lido Advisors LLC Lowers Holdings in Comcast Corporation $CMCSA

Lido Advisors LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 52.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 104,717 shares of the cable giant’s stock after selling 113,590 shares during the period. Lido Advisors LLC’s holdings in Comcast were worth $3,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Comcast by 1.0% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after acquiring an additional 32,262 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of Comcast in the 4th quarter valued at approximately $3,754,000. Finally, Varma Mutual Pension Insurance Co increased its holdings in shares of Comcast by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock valued at $19,282,000 after acquiring an additional 49,800 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMCSA shares. BNP Paribas Exane lowered their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Morgan Stanley boosted their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Scotiabank boosted their price target on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Citigroup boosted their price target on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Price Performance

Shares of CMCSA opened at $23.82 on Monday. The company has a market cap of $85.09 billion, a P/E ratio of 4.69, a PEG ratio of 1.94 and a beta of 0.68. The stock has a fifty day moving average price of $26.77 and a 200 day moving average price of $28.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. On average, research analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

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.