Capitolis Liquid Global Markets LLC Lowers Position in Comcast Corporation $CMCSA

Capitolis Liquid Global Markets LLC decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 78.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 531,200 shares of the cable giant’s stock after selling 1,975,200 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Comcast were worth $16,690,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ausdal Financial Partners Inc. boosted its holdings in Comcast by 22.9% in the third quarter. Ausdal Financial Partners Inc. now owns 21,082 shares of the cable giant’s stock valued at $662,000 after acquiring an additional 3,927 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Comcast by 5.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 708,555 shares of the cable giant’s stock worth $22,265,000 after acquiring an additional 35,495 shares during the last quarter. California Public Employees Retirement System increased its stake in Comcast by 9.7% during the third quarter. California Public Employees Retirement System now owns 9,005,165 shares of the cable giant’s stock worth $282,942,000 after acquiring an additional 795,886 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new position in shares of Comcast in the 3rd quarter worth about $1,885,000. Finally, Chiron Capital Management LLC lifted its stake in shares of Comcast by 12.2% in the 3rd quarter. Chiron Capital Management LLC now owns 48,032 shares of the cable giant’s stock valued at $1,509,000 after purchasing an additional 5,236 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $30.16 on Friday. The company has a market cap of $108.51 billion, a P/E ratio of 5.62, a PEG ratio of 2.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $37.72. The business’s 50-day simple moving average is $30.13 and its 200 day simple moving average is $29.85.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share 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 firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the prior year, the business earned $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. Comcast’s dividend payout ratio is 24.58%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMCSA shares. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. TD Cowen cut their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Barclays set a $28.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein cut their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.32% of the company’s stock.

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.