Comcast Corporation $CMCSA Stock Holdings Trimmed by Metropolis Capital Ltd

Metropolis Capital Ltd decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,589,923 shares of the cable giant’s stock after selling 416,930 shares during the quarter. Comcast makes up 7.4% of Metropolis Capital Ltd’s portfolio, making the stock its 8th biggest position. Metropolis Capital Ltd owned approximately 0.21% of Comcast worth $217,907,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of Comcast in the 4th quarter worth about $3,754,000. Vest Financial LLC raised its position in shares of Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after purchasing an additional 97,601 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Comcast by 9.7% in the 3rd quarter. Victory Capital Management Inc. now owns 7,834,053 shares of the cable giant’s stock worth $246,146,000 after purchasing an additional 693,156 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Comcast by 53.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock valued at $6,161,000 after purchasing an additional 72,129 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $23.20 on Friday. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. The firm has a market capitalization of $82.88 billion, a P/E ratio of 4.57, a PEG ratio of 1.89 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $25.29 and a 200-day moving average price of $28.03.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.7%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Rosenblatt Securities reduced their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Royal Bank Of Canada upped their price objective on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.46.

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.