Comcast Corporation $CMCSA Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 901,230 shares of the cable giant’s stock after selling 94,650 shares during the quarter. Gabelli Funds LLC’s holdings in Comcast were worth $26,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. State Street Corp increased its holdings in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. Dodge & Cox increased its holdings in shares of Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after acquiring an additional 1,295,598 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Comcast by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock worth $1,081,179,000 after acquiring an additional 245,271 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Comcast by 46.1% in 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 acquiring an additional 10,633,206 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.79.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $24.93 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The business has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $28.71. The firm has a market cap of $89.06 billion, a price-to-earnings ratio of 4.91, a P/E/G ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the company earned $1.09 earnings per share. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Announces Dividend

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