Comcast Corporation $CMCSA Stock Holdings Lowered by Conning Inc.

Conning Inc. lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 68.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,942 shares of the cable giant’s stock after selling 37,395 shares during the period. Conning Inc.’s holdings in Comcast were worth $486,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter valued at approximately $26,000. United Financial Planning Group LLC acquired a new position in shares of Comcast during the third quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC grew its holdings in Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CMCSA shares. Rosenblatt Securities raised Comcast from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $31.00 in a research note on Tuesday, June 30th. UBS Group reissued a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Monday, July 6th. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada increased 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. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.04.

Comcast Price Performance

NASDAQ CMCSA traded up $0.23 on Friday, reaching $23.57. 25,483,585 shares of the stock traded hands, compared to its average volume of 40,679,600. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The company has a market cap of $84.20 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of 1.94 and a beta of 0.67. The firm’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $27.70. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 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 the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, research analysts predict that Comcast Corporation will post 3.49 EPS for the current fiscal 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 given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.6%. Comcast’s payout ratio is 25.98%.

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.