Comcast Corporation $CMCSA Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC cut its Comcast stake by 32.1% in Q4, selling 470,720 shares and leaving it with 997,370 shares valued at about $29.81 million.
• Comcast declared a quarterly dividend of $0.33 per share (annualized $1.32) for a yield of 4.7%; the ex-dividend date is April 1 and the payment date is April 22.
• Comcast beat Q4 EPS estimates with $0.84 (revenue $32.31B roughly in line), and CEO Michael Cavanagh sold 57,947 shares for about $1.89 million, trimming his ownership.

Cambiar Investors LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 997,370 shares of the cable giant's stock after selling 470,720 shares during the quarter. Cambiar Investors LLC's holdings in Comcast were worth $29,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC lifted its position in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant's stock valued at $25,000 after buying an additional 436 shares during the last quarter. Imprint Wealth LLC acquired a new position in Comcast in the third quarter valued at about $26,000. United Financial Planning Group LLC acquired a new position in Comcast in the third quarter valued at about $28,000. Olistico Wealth LLC acquired a new position in Comcast in the fourth quarter valued at about $29,000. Finally, Richardson Financial Services Inc. lifted its position in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock valued at $30,000 after buying an additional 691 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 1.3%

Shares of NASDAQ:CMCSA opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $100.49 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The firm's 50-day moving average is $30.15 and its two-hundred day moving average is $29.22. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast's dividend payout ratio is 24.58%.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMCSA. Sanford C. Bernstein decreased their target price on shares of Comcast from $34.00 to $32.00 and set a "market perform" rating on the stock in a research report on Thursday, January 15th. Royal Bank Of Canada decreased their target price on shares of Comcast from $32.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Friday, January 16th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Comcast in a research report on Wednesday. Finally, Benchmark decreased their target price on shares of Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $34.68.

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.

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