Comcast Corporation $CMCSA Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546,407 shares of the cable giant’s stock after selling 50,219 shares during the period. Comcast makes up 1.3% of Mill Capital Management LLC’s holdings, making the stock its 28th biggest holding. Mill Capital Management LLC’s holdings in Comcast were worth $17,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Comcast by 0.3% in 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 purchasing an additional 1,257,196 shares during the last quarter. State Street Corp boosted its position in shares of Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after buying an additional 4,231,140 shares during the period. Dodge & Cox boosted its position in shares of Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after buying an additional 17,054,579 shares during the period. Norges Bank acquired a new stake in shares of Comcast in the second quarter valued at $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 7.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after buying an additional 2,517,906 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock opened at $27.93 on Tuesday. The stock has a market cap of $101.76 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The company has a fifty day simple moving average of $28.11 and a 200-day simple moving average of $30.70. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI lowered their target price on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, October 31st. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price objective (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. decreased their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.89.

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.