Savant Capital LLC Has $2.68 Million Stock Holdings in Comcast Corporation $CMCSA

Savant Capital LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,149 shares of the cable giant’s stock after selling 114,527 shares during the quarter. Savant Capital LLC’s holdings in Comcast were worth $2,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital A Wealth Management LLC lifted its position in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co raised 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 valued at $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Comcast in the 2nd quarter worth approximately $29,000. Princeton Global Asset Management LLC boosted 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 worth $31,000 after purchasing an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $31.37 on Friday. The company has a market capitalization of $114.31 billion, a P/E ratio of 5.84, a P/E/G ratio of 2.39 and a beta of 0.81. 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 Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The stock has a 50 day moving average of $28.79 and a two-hundred day moving average of $30.17.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CMCSA shares. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Williams Trading set a $40.00 price target on Comcast in a research report on Friday, October 31st. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Finally, Benchmark lowered their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.90.

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.