Comcast Corporation $CMCSA is Wilmington Savings Fund Society FSB’s Largest Position

Wilmington Savings Fund Society FSB decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,188,501 shares of the cable giant’s stock after selling 66,095 shares during the period. Comcast makes up approximately 5.9% of Wilmington Savings Fund Society FSB’s investment portfolio, making the stock its largest position. Wilmington Savings Fund Society FSB’s holdings in Comcast were worth $257,283,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CMCSA. Osaic Holdings Inc. increased its stake in shares of Comcast by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after acquiring an additional 300,898 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after acquiring an additional 665,635 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after purchasing an additional 146,339 shares during the period. Finally, Candriam S.C.A. increased its position in Comcast by 3.5% during the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Comcast Trading Down 0.9%

Shares of CMCSA stock opened at $30.08 on Wednesday. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.72. The firm has a market cap of $108.22 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 2.37 and a beta of 0.79. The company has a 50-day moving average of $30.23 and a two-hundred day moving average of $29.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

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

Comcast Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s payout ratio is presently 24.58%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Morgan Stanley cut their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Arete Research set a $23.00 price target on shares of Comcast in a research report on Tuesday, January 6th. Royal Bank Of Canada decreased their price objective on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Finally, Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.87.

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.