Coleford Investment Management Ltd. Reduces Position in Comcast Corporation $CMCSA

Coleford Investment Management Ltd. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 54.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 165,691 shares of the cable giant’s stock after selling 194,258 shares during the quarter. Comcast comprises about 1.2% of Coleford Investment Management Ltd.’s holdings, making the stock its 20th biggest position. Coleford Investment Management Ltd.’s holdings in Comcast were worth $4,953,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares during the last quarter. Candriam S.C.A. boosted its position in shares of Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after acquiring an additional 32,262 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of Comcast during the 4th quarter valued at about $3,754,000. Finally, Varma Mutual Pension Insurance Co boosted its position in shares of Comcast by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock valued at $19,282,000 after acquiring an additional 49,800 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.4%

Shares of NASDAQ:CMCSA opened at $23.85 on Wednesday. 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 firm has a market capitalization of $85.20 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. The firm’s 50-day moving average is $26.58 and its two-hundred day moving average is $28.38. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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. The company had revenue of $31.46 billion for 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Analysts predict that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid 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 5.5%. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Friday, April 24th. Rosenblatt Securities lowered their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Scotiabank boosted their price target on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Evercore boosted their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $34.56.

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.