Stonebrook Private Inc. Cuts Stock Holdings in Comcast Corporation $CMCSA

Stonebrook Private Inc. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 64.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,955 shares of the cable giant’s stock after selling 34,255 shares during the period. Stonebrook Private Inc.’s holdings in Comcast were worth $567,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CMCSA. Imprint Wealth LLC purchased a new position in Comcast during the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast during the fourth quarter worth approximately $27,000. United Financial Planning Group LLC purchased a new position in Comcast during the third quarter worth approximately $28,000. Olistico Wealth LLC purchased a new position in Comcast during the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. raised its stake in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. New Street Research cut their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Rosenblatt Securities dropped their price objective on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research report on Thursday, April 23rd. Scotiabank increased their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley increased their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Price Performance

Comcast stock opened at $23.85 on Wednesday. Comcast Corporation has a 52-week low of $23.13 and a 52-week high of $36.66. The firm has a fifty day moving average of $26.58 and a 200-day moving average of $28.38. The firm has a market capitalization of $85.20 billion, a P/E ratio of 4.69, a PEG ratio of 1.93 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued 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 of this dividend is Wednesday, July 1st. 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.