Comcast Corporation $CMCSA Position Reduced by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,173 shares of the cable giant’s stock after selling 119,407 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Comcast were worth $15,653,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CMCSA. Vanguard Group Inc. lifted its position in shares of Comcast by 0.3% in the 2nd 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 lifted its holdings in shares of Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. Norges Bank acquired a new stake in shares of Comcast in the second quarter worth $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its position in Comcast by 7.5% during the second 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 buying an additional 2,517,906 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $28.37 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $103.38 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.40. The company has a 50 day moving average price of $28.00 and a two-hundred day moving average price of $31.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS 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 for the quarter. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Rosenblatt Securities decreased their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Royal Bank Of Canada lowered their price objective on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.24.

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.