Comcast Corporation $CMCSA Holdings Lowered by Metropolis Capital Ltd

Metropolis Capital Ltd decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.2% in the first quarter, HoldingsChannel.com reports. The fund owned 7,589,923 shares of the cable giant’s stock after selling 416,930 shares during the quarter. Comcast comprises 7.4% of Metropolis Capital Ltd’s portfolio, making the stock its 8th biggest holding. Metropolis Capital Ltd’s holdings in Comcast were worth $217,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Comcast by 2.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 4,111,230 shares of the cable giant’s stock worth $118,033,000 after acquiring an additional 90,593 shares during the last quarter. ABN AMRO Bank N.V. grew its stake in Comcast by 21.4% during the first quarter. ABN AMRO Bank N.V. now owns 20,115 shares of the cable giant’s stock valued at $581,000 after acquiring an additional 3,540 shares in the last quarter. River Street Advisors LLC increased its holdings in Comcast by 7.8% in the 1st quarter. River Street Advisors LLC now owns 13,368 shares of the cable giant’s stock valued at $384,000 after acquiring an additional 964 shares during the last quarter. OLD Second National Bank of Aurora increased its holdings in Comcast by 7.8% in the 1st quarter. OLD Second National Bank of Aurora now owns 23,313 shares of the cable giant’s stock valued at $669,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in Comcast by 58.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 45,822 shares of the cable giant’s stock worth $1,316,000 after purchasing an additional 16,888 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Freedom Capital raised shares of Comcast to a “hold” rating in a report on Friday, June 12th. BNP Paribas Exane reduced their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Moffett Nathanson decreased their target price on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Morgan Stanley increased their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada raised their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.46.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $23.20 on Friday. The firm has a fifty day simple moving average of $25.29 and a two-hundred day simple moving average of $28.03. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. 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 stock 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.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for 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 was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. On average, analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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

Comcast 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.