Comcast Corporation $CMCSA Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 68.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,417 shares of the cable giant’s stock after selling 29,153 shares during the period. Sterling Capital Management LLC’s holdings in Comcast were worth $292,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. XXI Wealth LLC grew its position in Comcast by 48.1% in the 3rd quarter. XXI Wealth LLC now owns 24,519 shares of the cable giant’s stock valued at $534,000 after buying an additional 7,966 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Comcast by 3.0% during the third quarter. Yousif Capital Management LLC now owns 450,242 shares of the cable giant’s stock worth $9,797,000 after purchasing an additional 13,007 shares in the last quarter. River Street Advisors LLC lifted its position in Comcast by 5.9% in the third quarter. River Street Advisors LLC now owns 14,235 shares of the cable giant’s stock worth $310,000 after purchasing an additional 798 shares during the period. Compass Wealth Management LLC bought a new position in Comcast during the 3rd quarter valued at $77,000. Finally, Benin Management CORP increased its position in shares of Comcast by 8.3% during the 3rd quarter. Benin Management CORP now owns 13,101 shares of the cable giant’s stock valued at $285,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $23.22 on Friday. Comcast Corporation has a 12 month low of $20.48 and a 12 month high of $32.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.91. The stock has a market cap of $82.45 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business has a fifty day simple moving average of $23.40 and a 200-day simple moving average of $26.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The firm had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.22 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. Comcast’s quarterly revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.7%. Comcast’s dividend payout ratio (DPR) is 41.77%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research analyst reports. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. UBS Group reaffirmed a “neutral” rating and issued a $27.00 price objective (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Rosenblatt Securities restated a “buy” rating and set a $31.00 target price on shares of Comcast in a report on Monday, October 19th. BNP Paribas Exane cut their price objective on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Finally, Morgan Stanley decreased their target price on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $29.17.

Comcast Company Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.