Comcast Corporation $CMCSA Holdings Lowered by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management trimmed its Comcast stake by 4.8% in Q4, selling 79,935 shares and leaving it with 1,577,963 shares worth about $47.2 million, while overall institutional ownership stands at 84.32%.
• Wall Street consensus rates Comcast as a Hold with an average price target of $34.81 (10 Buys, 16 Holds, 2 Sells), and several firms recently cut their targets or ratings.
• Comcast beat Q4 EPS expectations ($0.84 vs. $0.75) while revenue slightly missed, announced a $0.33 quarterly dividend (4.7% yield), and CEO Michael Cavanagh sold roughly 57,947 shares.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,577,963 shares of the cable giant's stock after selling 79,935 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Comcast were worth $47,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Howard Capital Management Inc. raised its position in shares of Comcast by 19.0% during the 4th quarter. Howard Capital Management Inc. now owns 143,259 shares of the cable giant's stock worth $4,282,000 after buying an additional 22,917 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Comcast by 17.7% during the 4th quarter. Diversify Advisory Services LLC now owns 58,599 shares of the cable giant's stock worth $1,630,000 after buying an additional 8,825 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Comcast by 19.6% in the 4th quarter. Venturi Wealth Management LLC now owns 33,773 shares of the cable giant's stock worth $1,009,000 after purchasing an additional 5,545 shares in the last quarter. Finally, Triad Wealth Partners LLC raised its holdings in shares of Comcast by 21.4% in the 4th quarter. Triad Wealth Partners LLC now owns 10,498 shares of the cable giant's stock worth $314,000 after purchasing an additional 1,849 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Benchmark dropped their target price on shares of Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 5th. Zacks Research upgraded shares of Comcast from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 31st. Barclays set a $28.00 target price on shares of Comcast and gave the stock an "equal weight" rating in a report on Tuesday, January 13th. BNP Paribas Exane dropped their target price on shares of Comcast from $26.00 to $25.00 and set an "underperform" rating on the stock in a report on Wednesday, April 8th. Finally, Sanford C. Bernstein dropped their target price on shares of Comcast from $34.00 to $32.00 and set a "market perform" rating on the stock in a report on Thursday, January 15th. Ten analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Comcast currently has a consensus rating of "Hold" and an average price target of $34.81.

Comcast Stock Performance

Comcast stock opened at $28.05 on Tuesday. The firm's 50 day simple moving average is $30.12 and its 200-day simple moving average is $29.18. The company has a market cap of $100.92 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast's dividend payout ratio (DPR) is 24.58%.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast 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 transaction, the chief executive officer directly owned 622,336 shares of the company's stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.32% of the stock is currently owned by company insiders.

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.

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