Banque de Luxembourg S.A. Sells 38,593 Shares of Comcast Corporation $CMCSA

Banque de Luxembourg S.A. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 26.3% in the third quarter, HoldingsChannel reports. The firm owned 108,298 shares of the cable giant’s stock after selling 38,593 shares during the quarter. Comcast makes up 1.8% of Banque de Luxembourg S.A.’s investment portfolio, making the stock its 17th biggest position. Banque de Luxembourg S.A.’s holdings in Comcast were worth $3,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares in the last quarter. State Street Corp raised its holdings in Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox lifted its position in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after purchasing an additional 17,054,579 shares during the period. Norges Bank bought a new stake in shares of Comcast during the 2nd quarter valued at about $3,528,361,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Comcast by 7.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after purchasing an additional 2,517,906 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 0.4%

Shares of NASDAQ CMCSA opened at $29.66 on Friday. The firm’s 50 day moving average price is $28.01 and its 200-day moving average price is $31.45. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $108.08 billion, a PE ratio of 4.94, a P/E/G ratio of 2.04 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. On average, equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s payout ratio is currently 21.96%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. Evercore ISI decreased their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a research note on Friday, October 31st. Citigroup reduced their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Oppenheimer set a $38.00 price objective on Comcast in a research report on Tuesday, November 4th. Finally, Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.92.

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.