DNB Asset Management AS Sells 268,433 Shares of Comcast Corporation $CMCSA

DNB Asset Management AS trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 779,795 shares of the cable giant’s stock after selling 268,433 shares during the quarter. DNB Asset Management AS’s holdings in Comcast were worth $23,308,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMCSA. Capital Research Global Investors lifted its holdings in Comcast by 46.1% during the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after purchasing an additional 10,633,206 shares in the last quarter. State Street Corp lifted its holdings in Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing 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 fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after purchasing 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 third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after purchasing 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 second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after purchasing an additional 4,240,876 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Friday, April 24th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Scotiabank lifted their price target on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and an average target price of $34.79.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income appeal and signaling management confidence in cash flow. Comcast Declares Quarterly Dividend
• Positive Sentiment: Zacks highlighted Comcast as one of the better-positioned names in a challenging cable industry, citing growing demand for high-speed internet and stronger media consumption as cord-cutting shifts the market toward broadband. 2 Stocks to Watch From a Challenging Cable Television Industry
• Positive Sentiment: Comcast continues expanding rural broadband access in Florida and Indiana through public-private partnerships, which supports long-term subscriber growth and reinforces the company’s core connectivity business. What Comcast (CMCSA)’s Dividend, Rural Broadband Push and Legal Settlement Means For Shareholders
• Neutral Sentiment: Comcast’s Sky unit is reportedly advancing talks to acquire ITV’s media and entertainment business, a deal that could be strategic but is still early and may require a performance-based payout structure. Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
• Negative Sentiment: Investor sentiment remains weighed down by Comcast’s $117.5 million data-breach settlement, which keeps cybersecurity, legal liability, and reputation risks in focus. Comcast’s US$117.5m Breach Settlement Puts Data Security Risks In Focus
• Negative Sentiment: Recent coverage also notes Comcast hit a new 12-month low after an analyst downgrade, underscoring ongoing concern about growth, competition, and margin pressure. Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low Following Analyst Downgrade

Comcast Price Performance

CMCSA stock opened at $24.76 on Friday. Comcast Corporation has a one year low of $24.53 and a one year high of $36.66. The company’s fifty day moving average price is $28.36 and its 200-day moving average price is $28.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $88.45 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS 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 firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is 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.