Los Angeles Capital Management LLC Sells 160,148 Shares of Comcast Corporation $CMCSA

Los Angeles Capital Management LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,432,267 shares of the cable giant’s stock after selling 160,148 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comcast were worth $39,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast during the 4th quarter valued at about $27,000. United Financial Planning Group LLC bought a new stake in Comcast during the 3rd quarter valued at about $28,000. Olistico Wealth LLC bought a new stake in Comcast during the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. increased its stake in 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 purchasing an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.82 on Monday. The company has a 50 day moving average price of $26.77 and a 200-day moving average price of $28.43. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The firm has a market capitalization of $85.09 billion, a PE ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.68. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, equities research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced 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 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is 25.98%.

Analysts Set New Price Targets

A number of analysts have weighed in on CMCSA shares. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. BNP Paribas Exane reduced their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Citigroup lifted their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Nine equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.56.

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.