Panagora Asset Management Inc. Decreases Stock Holdings in Comcast Corporation $CMCSA

Panagora Asset Management Inc. trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,617,869 shares of the cable giant’s stock after selling 128,707 shares during the period. Panagora Asset Management Inc.’s holdings in Comcast were worth $48,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CMCSA. Lowe Brockenbrough & Co. Inc. grew its position in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after buying an additional 352 shares during the period. Cora Capital Advisors LLC grew its position in Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the period. FSA Advisors Inc. grew its position in Comcast by 5.5% during the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the period. Oakworth Capital Inc. grew its position in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares during the period. Finally, WPG Advisers LLC grew its position in Comcast by 15.9% during the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

CMCSA opened at $23.97 on Tuesday. The firm has a market cap of $85.63 billion, a P/E ratio of 4.72, a PEG ratio of 1.99 and a beta of 0.68. Comcast Corporation has a 1-year low of $23.13 and a 1-year high of $36.66. The company has a 50 day simple moving average of $26.24 and a two-hundred day simple moving average of $28.31. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business 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 company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Equities analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMCSA. Royal Bank Of Canada boosted their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Evercore boosted their target price 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. Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday, April 24th. BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $34.56.

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.