Nisa Investment Advisors LLC Sells 73,995 Shares of Comcast Corporation $CMCSA

Nisa Investment Advisors LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,748 shares of the cable giant’s stock after selling 73,995 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Comcast were worth $39,173,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC lifted its position in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares in the last quarter. Cranbrook Wealth Management LLC increased its position in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares in the last quarter. Avalon Trust Co boosted its position in Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Comcast during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $28.21 on Friday. The stock has a market cap of $102.79 billion, a PE ratio of 4.69, a P/E/G ratio of 1.95 and a beta of 0.81. 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 firm has a 50-day moving average of $27.99 and a 200-day moving average of $31.11. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. Scotiabank set a $37.50 price objective on Comcast in a research note on Wednesday. UBS Group set a $44.00 target price on shares of Comcast in a report on Tuesday. Pivotal Research dropped their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Finally, Barclays dropped their target price on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.24.

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.