Madison Asset Management LLC Has $3.60 Million Holdings in Comcast Corporation $CMCSA

Madison Asset Management LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 75.8% during the 4th quarter, Holdings Channel reports. The fund owned 120,521 shares of the cable giant’s stock after selling 376,716 shares during the quarter. Madison Asset Management LLC’s holdings in Comcast were worth $3,602,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMCSA. Capital Research Global Investors lifted its holdings in Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after buying an additional 10,633,206 shares in the last quarter. State Street Corp lifted its holdings in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after buying an additional 7,153,895 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after buying an additional 6,105,867 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after buying an additional 4,240,876 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. BNP Paribas Exane reduced their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Finally, UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $34.79.

Comcast Stock Performance

Shares of Comcast stock opened at $24.94 on Thursday. The firm has a fifty day moving average of $28.62 and a two-hundred day moving average of $28.80. The stock has a market capitalization of $89.09 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 2.00 and a beta of 0.71. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities research analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Comcast’s payout ratio is presently 25.98%.

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.