Comcast Corporation $CMCSA Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 27.2% during the first quarter, HoldingsChannel.com reports. The fund owned 61,302 shares of the cable giant’s stock after selling 22,918 shares during the period. Twin Capital Management Inc.’s holdings in Comcast were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMCSA. Vanguard Group Inc. boosted its holdings in shares of Comcast by 0.6% during the 4th 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 last quarter. State Street Corp lifted its position in Comcast by 3.4% during the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after buying an additional 6,117,946 shares in the last quarter. Capital World Investors boosted its stake in Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares during the last quarter. Dodge & Cox grew its holdings in Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after buying an additional 399,596 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Comcast by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after acquiring an additional 1,465,428 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Negative Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 and kept a sector perform rating, signaling more cautious near-term expectations. Scotiabank cuts Comcast target
• Negative Sentiment: Wells Fargo trimmed its price target to $28 from $29 and maintained an underweight rating, suggesting the firm still sees limited upside. Wells Fargo view on Comcast
• Negative Sentiment: BNP Paribas Exane cut its target to $22 from $25 and reiterated an underperform rating, adding to the bearish analyst sentiment around CMCSA. BNP Paribas Exane cuts Comcast target
• Negative Sentiment: Comcast agreed to a $117.5 million settlement over the Xfinity data breach, which adds legal, reputational, and governance overhangs for investors. Xfinity data breach settlement
• Negative Sentiment: Bernstein cut price targets across major telecom names, including Comcast, citing valuation risk tied to SpaceX/Starlink’s potential direct-to-consumer mobile plans. Bernstein cuts telecom targets
• Neutral Sentiment: Some recent commentary argues Comcast may be trading below fair value after a roughly 49% five-year slide, which could support a rebound if fundamentals stabilize. Fair value article
• Neutral Sentiment: One market update noted Comcast has recently outperformed the broader market, but the move appears modest and does not offset the more prominent analyst and legal concerns. Market performance article

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Evercore boosted their target price on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. The Goldman Sachs Group dropped their price target on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.64.

Comcast Stock Up 1.3%

Shares of NASDAQ:CMCSA opened at $23.49 on Thursday. The company has a market capitalization of $83.91 billion, a price-to-earnings ratio of 4.62, a PEG ratio of 1.91 and a beta of 0.67. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.01. The business has a 50-day moving average price of $24.08 and a 200 day moving average price of $27.57. 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 earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.6%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

About Comcast

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.