Comcast Corporation $CMCSA Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 131.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 42,010 shares of the cable giant’s stock after buying an additional 23,868 shares during the period. Fox Run Management L.L.C.’s holdings in Comcast were worth $1,320,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. grew its position in Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after acquiring an additional 2,593 shares during the period. United Bank increased its stake in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of Comcast by 10.8% in the 2nd quarter. Rossby Financial LCC now owns 7,289 shares of the cable giant’s stock worth $260,000 after purchasing an additional 712 shares during the period. Finally, Austin Private Wealth LLC lifted its stake in shares of Comcast by 6.5% in the 2nd quarter. Austin Private Wealth LLC now owns 8,208 shares of the cable giant’s stock valued at $293,000 after purchasing an additional 498 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.32% of the stock is currently owned by insiders.

Comcast Stock Performance

Shares of CMCSA stock opened at $30.79 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $29.82 and its two-hundred day moving average price is $30.04. The firm has a market capitalization of $110.78 billion, a P/E ratio of 5.73, a P/E/G ratio of 2.47 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMCSA. Moffett Nathanson dropped their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. UBS Group dropped their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down from $39.00) on shares of Comcast in a research note on Friday, October 31st. Arete Research set a $23.00 price target on shares of Comcast in a research report on Tuesday, January 6th. Finally, Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.87.

Comcast Company 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.