Comcast Corporation $CMCSA Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 40.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,176 shares of the cable giant’s stock after selling 45,372 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Comcast were worth $1,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Comcast by 4.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after acquiring an additional 352 shares during the last quarter. Cora Capital Advisors LLC raised its position in shares of Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after purchasing an additional 377 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after purchasing an additional 384 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in shares of Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Evercore raised their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.77.

Comcast Trading Down 3.3%

Shares of NASDAQ CMCSA opened at $23.19 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a one year low of $22.13 and a one year high of $36.01. The business has a 50-day moving average price of $24.14 and a two-hundred day moving average price of $27.61. The firm has a market capitalization of $82.84 billion, a PE ratio of 4.56, a PEG ratio of 1.98 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for 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 quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

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.