First Financial Corp IN Cuts Position in Comcast Corporation $CMCSA

First Financial Corp IN decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 72.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,748 shares of the cable giant’s stock after selling 22,984 shares during the quarter. First Financial Corp IN’s holdings in Comcast were worth $261,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after purchasing an additional 300,898 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Comcast by 9.7% in the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after purchasing an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after purchasing an additional 146,339 shares during the last quarter. Candriam S.C.A. raised its holdings in Comcast by 3.5% during the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its holdings in Comcast by 1.0% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after purchasing an additional 113,461 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMCSA shares. The Goldman Sachs Group lowered their target price on shares of Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday. Sanford C. Bernstein cut their price target on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. TD Cowen reduced their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Finally, UBS Group dropped their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.76.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction 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 transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $28.72 on Friday. 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 company has a market capitalization of $103.33 billion, a P/E ratio of 5.35, a PEG ratio of 2.26 and a beta of 0.79. The business has a 50 day simple moving average of $30.30 and a 200-day simple moving average of $29.59. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.63.

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

Comcast Announces Dividend

The firm 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

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.