Continuum Advisory LLC Sells 143,390 Shares of Comcast Corporation $CMCSA

Continuum Advisory LLC trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 94.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,646 shares of the cable giant’s stock after selling 143,390 shares during the quarter. Continuum Advisory LLC’s holdings in Comcast were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in Comcast by 7.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 992,858 shares of the cable giant’s stock worth $27,802,000 after buying an additional 71,997 shares during the last quarter. Sittner & Nelson LLC grew its stake in Comcast by 137.3% during the fourth quarter. Sittner & Nelson LLC now owns 8,231 shares of the cable giant’s stock worth $258,000 after buying an additional 4,762 shares during the last quarter. Platform Wealth Management LLC bought a new stake in Comcast during the fourth quarter worth about $494,000. TD Asset Management Inc grew its stake in Comcast by 7.0% during the fourth quarter. TD Asset Management Inc now owns 3,376,412 shares of the cable giant’s stock worth $100,921,000 after buying an additional 220,200 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in Comcast by 2.5% during the fourth quarter. Cibc World Market Inc. now owns 917,388 shares of the cable giant’s stock worth $25,687,000 after buying an additional 22,348 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BNP Paribas Exane reduced their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Scotiabank upped their target price on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Citigroup upped their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada upped their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.56.

Comcast Price Performance

Shares of CMCSA stock opened at $23.82 on Monday. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66. The firm’s 50 day moving average is $26.77 and its 200-day moving average is $28.43. The firm has a market capitalization of $85.09 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.94 and a beta of 0.68. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

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.