Comcast Corporation $CMCSA is Kiltearn Partners LLP’s 3rd Largest Position

Kiltearn Partners LLP reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,058,561 shares of the cable giant’s stock after selling 87,700 shares during the period. Comcast accounts for 7.6% of Kiltearn Partners LLP’s portfolio, making the stock its 3rd biggest position. Kiltearn Partners LLP’s holdings in Comcast were worth $37,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Prosperity Consulting Group LLC raised its position in shares of Comcast by 40.0% in the first quarter. Prosperity Consulting Group LLC now owns 12,021 shares of the cable giant’s stock valued at $444,000 after buying an additional 3,432 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Comcast by 7.4% in the first quarter. Mackenzie Financial Corp now owns 905,052 shares of the cable giant’s stock worth $33,396,000 after buying an additional 62,461 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Comcast during the first quarter worth about $52,000. Finally, FSA Advisors Inc. purchased a new stake in Comcast during the 1st quarter valued at about $251,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Oppenheimer set a $38.00 price objective on Comcast in a research report on Tuesday, November 4th. TD Cowen dropped their target price on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Finally, BNP Paribas Exane raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, November 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Stock Performance

NASDAQ:CMCSA opened at $26.57 on Thursday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $43.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $29.13 and a 200 day moving average price of $32.46. The stock has a market capitalization of $96.82 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. Equities research analysts forecast 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, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.