180 Wealth Advisors LLC Decreases Position in Comcast Corporation $CMCSA

180 Wealth Advisors LLC decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 52.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,983 shares of the cable giant’s stock after selling 79,079 shares during the period. 180 Wealth Advisors LLC’s holdings in Comcast were worth $2,152,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CMCSA. Norges Bank bought a new stake in shares of Comcast in the 2nd quarter worth about $3,528,361,000. Dodge & Cox raised its position in 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. Capital Research Global Investors raised its position in Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after purchasing an additional 10,633,206 shares during the period. State Street Corp lifted its stake in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Comcast by 1,356.2% during the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after buying an additional 6,105,867 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Barclays set a $28.00 price objective on Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. BNP Paribas Exane downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a research report on Tuesday, February 24th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $34.87.

Insider Activity at Comcast

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

Comcast Price Performance

Shares of CMCSA stock opened at $29.02 on Monday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $30.27 and a two-hundred day simple moving average of $29.67. The stock has a market capitalization of $104.41 billion, a price-to-earnings ratio of 5.40, a P/E/G ratio of 2.26 and a beta of 0.79.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 24.58%.

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.