New York Life Investment Management LLC Sells 20,046 Shares of Comcast Corporation $CMCSA

New York Life Investment Management LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 538,102 shares of the cable giant’s stock after selling 20,046 shares during the period. New York Life Investment Management LLC’s holdings in Comcast were worth $16,907,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CMCSA. Osaic Holdings Inc. grew its stake in shares of Comcast by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after acquiring an additional 300,898 shares in the last quarter. Vanguard Group Inc. grew its position in Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Penserra Capital Management LLC increased its stake in Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after buying an additional 13,653 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after buying an additional 665,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after buying an additional 146,339 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $31.61 on Tuesday. The firm has a 50-day moving average price of $28.89 and a 200-day moving average price of $30.10. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $115.18 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 2.39 and a beta of 0.81.

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

Comcast Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on CMCSA. Scotiabank cut their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price target (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. UBS Group decreased their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, Arete Research set a $23.00 target price on shares of Comcast in a research report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given 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 $34.90.

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.