Rothschild & Co Wealth Management UK Ltd Raises Stock Holdings in Comcast Corporation $CMCSA

Rothschild & Co Wealth Management UK Ltd grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,422,930 shares of the cable giant’s stock after acquiring an additional 95,485 shares during the period. Comcast accounts for about 5.4% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 9th biggest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Comcast were worth $341,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CMCSA. Lakeshore Capital Group Inc. increased its holdings in shares of Comcast by 2.6% in the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares in the last quarter. Hengehold Capital Management LLC lifted its holdings in Comcast by 0.5% during the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock worth $2,601,000 after buying an additional 372 shares in the last quarter. Commonwealth Financial Services LLC boosted its position in Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock valued at $265,000 after buying an additional 372 shares during the last quarter. FSA Advisors Inc. increased its stake in shares of Comcast by 5.5% in the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the period. Finally, First National Trust Co increased its stake in shares of Comcast by 0.8% in the 3rd quarter. First National Trust Co now owns 47,047 shares of the cable giant’s stock valued at $1,478,000 after buying an additional 387 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.1%

NASDAQ:CMCSA opened at $29.37 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $36.66. The stock’s fifty day simple moving average is $29.82 and its 200-day simple moving average is $29.09. The firm has a market capitalization of $105.67 billion, a P/E ratio of 5.47, a P/E/G ratio of 2.41 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Equities research analysts expect that Comcast Corporation will post 3.46 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMCSA. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Sanford C. Bernstein lowered their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, January 30th. Benchmark cut their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Finally, Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $34.81.

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast 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 transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is owned by insiders.

Comcast Company 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.