Vanguard Personalized Indexing Management LLC Sells 73,782 Shares of Comcast Corporation $CMCSA

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,796 shares of the cable giant’s stock after selling 73,782 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Comcast were worth $11,871,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC lifted its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the second quarter worth $29,000. Finally, Princeton Global Asset Management LLC increased its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. BNP Paribas Exane upped their price target on Comcast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Scotiabank set a $37.50 price objective on Comcast in a research note on Wednesday, January 7th. Benchmark dropped their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.53.

Comcast Trading Up 0.4%

Shares of CMCSA opened at $29.43 on Tuesday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company’s fifty day moving average is $28.25 and its 200 day moving average is $30.46. The stock has a market capitalization of $107.24 billion, a PE ratio of 4.90, a P/E/G ratio of 2.06 and a beta of 0.81.

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

Comcast Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.