First Manhattan CO. LLC. Has $33.13 Million Stock Holdings in Comcast Corporation $CMCSA

First Manhattan CO. LLC. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 27.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,108,247 shares of the cable giant’s stock after selling 417,058 shares during the period. First Manhattan CO. LLC.’s holdings in Comcast were worth $33,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC grew its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. grew its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank grew its holdings in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares in the last quarter. HUB Investment Partners LLC grew its holdings in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after purchasing an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. Freedom Capital raised Comcast to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Finally, Moffett Nathanson dropped their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.52.

Comcast Price Performance

Shares of CMCSA opened at $22.69 on Thursday. Comcast Corporation has a 1 year low of $22.55 and a 1 year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $81.05 billion, a price-to-earnings ratio of 4.47, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. The business has a 50-day moving average of $26.05 and a 200-day moving average of $28.26.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.8%. Comcast’s dividend payout ratio (DPR) 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.