Stephens Inc. AR Lowers Holdings in Comcast Corporation $CMCSA

Stephens Inc. AR trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 74.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,254 shares of the cable giant’s stock after selling 305,835 shares during the period. Stephens Inc. AR’s holdings in Comcast were worth $3,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in CMCSA. Capital Research Global Investors lifted its position in shares of Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares in the last quarter. State Street Corp lifted its position in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after acquiring an additional 7,153,895 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Comcast by 1,356.2% in the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after acquiring an additional 6,105,867 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after acquiring an additional 4,240,876 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $24.93 on Tuesday. The stock has a market capitalization of $89.06 billion, a PE ratio of 4.91, a P/E/G ratio of 1.99 and a beta of 0.71. The business has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $28.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMCSA. UBS Group decreased their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Nine 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, the stock currently has a consensus rating of “Hold” and an average target price of $34.79.

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.