Comcast Corporation $CMCSA Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,743,683 shares of the cable giant’s stock after selling 32,588 shares during the period. Corient Private Wealth LLC’s holdings in Comcast were worth $52,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CMCSA. Norges Bank acquired a new stake in Comcast during the fourth quarter valued at $2,498,626,000. Capital World Investors raised its position in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares during the period. Capital Research Global Investors raised its position in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after acquiring an additional 21,958,603 shares during the period. State Street Corp boosted its stake 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 acquiring an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake 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 acquiring an additional 7,153,895 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA stock opened at $22.43 on Monday. Comcast Corporation has a 12-month low of $22.38 and a 12-month high of $36.66. The business’s 50-day moving average is $25.83 and its 200 day moving average is $28.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $80.13 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, sell-side analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

Analyst Ratings Changes

Several brokerages recently weighed in on CMCSA. Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research report on Thursday, April 23rd. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Scotiabank increased their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $34.50.

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.