363,565 Comcast Corporation $CMCSA Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 60.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,530 shares of the cable giant’s stock after selling 363,565 shares during the period. Kestra Advisory Services LLC’s holdings in Comcast were worth $5,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Platform Technology Partners purchased a new position in shares of Comcast in the third quarter valued at approximately $337,000. Costello Asset Management INC grew its position in shares of Comcast by 32.8% in the third quarter. Costello Asset Management INC now owns 4,973 shares of the cable giant’s stock valued at $108,000 after purchasing an additional 1,228 shares in the last quarter. Bfsg LLC grew its holdings in Comcast by 9.2% in the 3rd quarter. Bfsg LLC now owns 16,206 shares of the cable giant’s stock valued at $353,000 after buying an additional 1,369 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Comcast by 12.6% in the third quarter. Chicago Partners Investment Group LLC now owns 24,772 shares of the cable giant’s stock valued at $562,000 after purchasing an additional 2,778 shares during the period. Finally, Smallwood Wealth Investment Management LLC increased its holdings in shares of Comcast by 6.7% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 7,375 shares of the cable giant’s stock worth $160,000 after buying an additional 460 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Latest Comcast News

Here’s some of the latest news about CMCSA:

• Positive Sentiment: A valuation analysis argues Comcast could be trading about 43% below fair value, with job cuts part of the context for its assessment. This points to potential upside if investors gain confidence in the company’s cost and growth outlook. Comcast (CMCSA) Stock Could Be 43% Below Fair Value After Job Cuts
• Positive Sentiment: A bullish investor thesis sees a post-Versant reset and stabilizing broadband trends as possible drivers of a valuation re-rating. It also frames Comcast as inexpensive relative to peers, but this is an investor thesis rather than a company announcement. Comcast vs. CHTR and VZ: Can the Post-Versant Reset and Broadband Stabilization Drive a Re-Rating?
• Neutral Sentiment: Comcast shares rose Wednesday but underperformed the broader market, indicating a weaker relative performance despite the gain. Comcast stock rises Wednesday, still underperforms market

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $24.80 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $88.06 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Comcast Corporation has a one year low of $20.48 and a one year high of $32.85. The business’s fifty day moving average price is $22.99 and its two-hundred day moving average price is $25.90.

Comcast (NASDAQ:CMCSA) last issued 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 company had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same period in the previous year, the firm posted $1.12 EPS. Comcast’s revenue was down 6.1% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, January 6th. Comcast’s payout ratio is currently 41.77%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a report on Thursday, September 24th. Bank of America reissued a “buy” rating and issued a $35.00 price objective (down from $37.00) on shares of Comcast in a research note on Wednesday, September 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 price objective on shares of Comcast in a report on Thursday, October 22nd. Weiss Ratings raised shares of Comcast from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, UBS Group reiterated a “neutral” rating and set a $27.00 target price (down from $32.00) on shares of Comcast in a report on Tuesday, September 15th. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.77.

About Comcast

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States. Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.