Savant Capital LLC Reduces Stock Holdings in Comcast Corporation $CMCSA

Savant Capital LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,794 shares of the cable giant’s stock after selling 22,355 shares during the period. Savant Capital LLC’s holdings in Comcast were worth $1,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Comcast in the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast in the fourth quarter worth about $27,000. United Financial Planning Group LLC purchased a new position in Comcast in the third quarter worth about $28,000. Olistico Wealth LLC purchased a new position in Comcast in the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. boosted its position in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CMCSA shares. New Street Research dropped their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Friday, April 24th. Royal Bank Of Canada raised their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. BNP Paribas Exane dropped their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.79.

Comcast Price Performance

NASDAQ CMCSA opened at $24.87 on Monday. The stock’s 50-day moving average price is $27.26 and its 200-day moving average price is $28.55. 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 Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Comcast’s dividend payout ratio (DPR) is 25.98%.

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.