Gamco Investors INC. ET AL Has $13.11 Million Stock Position in Comcast Corporation $CMCSA

Gamco Investors INC. ET AL lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 417,311 shares of the cable giant’s stock after selling 21,325 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Comcast were worth $13,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrity Advisory Solutions LLC acquired a new stake in shares of Comcast in the third quarter valued at approximately $291,000. Consolidated Portfolio Review Corp boosted its stake in shares of Comcast by 129.4% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 14,095 shares of the cable giant’s stock worth $443,000 after acquiring an additional 7,950 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Comcast by 19.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 976,210 shares of the cable giant’s stock worth $30,673,000 after acquiring an additional 159,574 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Comcast by 7.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 195,654 shares of the cable giant’s stock valued at $6,147,000 after acquiring an additional 13,912 shares during the period. Finally, KCM Investment Advisors LLC raised its stake in Comcast by 3.5% in the 3rd quarter. KCM Investment Advisors LLC now owns 23,207 shares of the cable giant’s stock valued at $729,000 after acquiring an additional 791 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

Comcast Trading Up 1.0%

Shares of CMCSA stock opened at $31.91 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.97. The stock’s fifty day moving average price is $30.06 and its two-hundred day moving average price is $29.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $114.81 billion, a PE ratio of 5.94, a P/E/G ratio of 2.49 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. Comcast’s dividend payout ratio is 24.58%.

Wall Street Analyst Weigh In

A number of research firms have commented on CMCSA. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Citigroup reissued a “buy” rating and issued a $33.00 price objective (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Morgan Stanley lowered their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $34.87.

Comcast 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.