LSV Asset Management Cuts Holdings in Comcast Corporation $CMCSA

LSV Asset Management lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,602,863 shares of the cable giant’s stock after selling 338,131 shares during the quarter. Comcast makes up 1.1% of LSV Asset Management’s holdings, making the stock its 11th largest position. LSV Asset Management owned about 0.37% of Comcast worth $485,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. QRG Capital Management Inc. increased its holdings in shares of Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC grew its holdings in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after acquiring an additional 118,839 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.6%

Shares of NASDAQ:CMCSA opened at $27.51 on Monday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. The company’s 50 day moving average is $30.12 and its two-hundred day moving average is $32.86. The company has a market cap of $100.24 billion, a PE ratio of 4.58, a P/E/G ratio of 1.79 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. Equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio is 21.96%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMCSA shares. UBS Group set a $34.00 price target on shares of Comcast in a research note on Friday, October 31st. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Morgan Stanley lowered their price target on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, October 31st. Sanford C. Bernstein reduced their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Finally, Loop Capital decreased their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.12.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.