Great Lakes Advisors LLC Lowers Holdings in Comcast Corporation $CMCSA

Great Lakes Advisors LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,757,817 shares of the cable giant’s stock after selling 130,329 shares during the period. Great Lakes Advisors LLC’s holdings in Comcast were worth $52,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth $2,498,626,000. Capital World Investors boosted its position in shares of Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares in the last quarter. State Street Corp boosted its position in shares of Comcast by 4.6% during the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CMCSA shares. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. New Street Research decreased their target price on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane decreased 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. Finally, Royal Bank Of Canada lifted their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.56.

Comcast Stock Performance

NASDAQ:CMCSA opened at $23.97 on Friday. The company has a market capitalization of $85.63 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 52-week low of $23.13 and a 52-week high of $36.66. The stock has a fifty day simple moving average of $26.39 and a 200-day simple moving average of $28.34.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

Comcast Company 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.