Twin Capital Management Inc. Decreases Holdings in Comcast Corporation $CMCSA

Twin Capital Management Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,220 shares of the cable giant’s stock after selling 33,591 shares during the period. Twin Capital Management Inc.’s holdings in Comcast were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $26,000. United Financial Planning Group LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast during the 4th quarter valued at $27,000. Olistico Wealth LLC bought a new stake in shares of Comcast during the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. grew its position in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. New Street Research cut their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.79.

Comcast Trading Up 0.3%

Shares of Comcast stock opened at $24.88 on Thursday. The company has a market capitalization of $88.88 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.99 and a beta of 0.71. 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 fifty day moving average of $27.96 and a 200 day moving average of $28.66. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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

Comcast Company 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.