111 Capital Sells 87,772 Shares of Comcast Corporation $CMCSA

111 Capital cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 69.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,809 shares of the cable giant’s stock after selling 87,772 shares during the quarter. 111 Capital’s holdings in Comcast were worth $1,219,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Capital A Wealth Management LLC increased its stake in shares of Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares in the last quarter. Avalon Trust Co grew its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the period. Howard Hughes Medical Institute bought a new stake in Comcast in the second quarter valued at $29,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Comcast during the second quarter valued at about $31,000. Finally, Total Investment Management Inc. bought a new position in shares of Comcast during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.4%

Shares of Comcast stock opened at $30.96 on Monday. The company has a market capitalization of $111.39 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79. The stock has a fifty day simple moving average of $29.86 and a 200 day simple moving average of $30.01. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.97. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Citigroup restated a “buy” rating and set a $33.00 price objective (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Finally, Arete Research set a $23.00 price objective on shares of Comcast in a report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.87.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

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.