Comcast Corporation $CMCSA Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 52.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,717 shares of the cable giant’s stock after selling 113,590 shares during the quarter. Lido Advisors LLC’s holdings in Comcast were worth $3,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the period. State Street Corp raised its position in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. Dodge & Cox lifted its holdings in Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after acquiring an additional 1,295,598 shares during the period. Geode Capital Management LLC lifted its holdings in Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after acquiring an additional 1,465,428 shares during the period. Finally, Norges Bank acquired a new stake in Comcast in the fourth quarter valued at $2,498,626,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Comcast stock opened at $23.82 on Monday. The stock has a market cap of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.68. The stock has a 50-day moving average price of $26.77 and a 200 day moving average price of $28.43. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. 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 (NASDAQ:CMCSA) last posted 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts predict that Comcast Corporation will post 3.53 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. Investors of record on Wednesday, July 1st will be given 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 (DPR) is currently 25.98%.

Analysts Set New Price Targets

A number of research firms have commented on CMCSA. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Citigroup raised their target price on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Morgan Stanley raised their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Rosenblatt Securities reduced their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.56.

Comcast 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.