Comcast Corporation $CMCSA Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments trimmed its Comcast stake by 1.7%, selling 103,870 shares and leaving it with about 5.99 million shares worth roughly $188.35 million (≈0.16% of the company).
• Quarterly results: Comcast reported $0.84 EPS versus $0.75 expected while revenue was $32.31 billion (slightly below the $32.35 billion estimate), with revenue up 1.2% year‑over‑year.
• Dividend announced: Comcast declared a $0.33 quarterly dividend (ex‑dividend April 1), equal to a $1.32 annualized payout and roughly a 4.1% yield.

Russell Investments Group Ltd. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,992,409 shares of the cable giant's stock after selling 103,870 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Comcast worth $188,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. increased its stake in Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank raised its holdings in shares of Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant's stock valued at $1,507,000 after acquiring an additional 4,290 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Comcast by 149.8% during the second quarter. Atlantic Union Bankshares Corp now owns 23,231 shares of the cable giant's stock valued at $829,000 after acquiring an additional 13,932 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC purchased a new position in shares of Comcast in the second quarter valued at approximately $230,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $31.91 on Monday. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97. The stock has a market cap of $114.81 billion, a PE ratio of 5.94, a P/E/G ratio of 2.49 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $30.06 and a 200 day moving average price of $29.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share 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 return on equity of 16.86% and a net margin of 16.17%.The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. Comcast's payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Scotiabank lowered their price target on Comcast from $37.50 to $35.25 and set a "sector perform" rating on the stock in a research note on Friday, January 30th. BNP Paribas Exane lowered Comcast from a "neutral" rating to an "underperform" rating and set a $27.00 price objective on the stock. in a report on Tuesday, February 24th. Moffett Nathanson lowered their target price on shares of Comcast from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, November 13th. Citigroup reaffirmed a "buy" rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus target price of $34.87.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 622,336 shares of the company's stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.26% of the company's stock.

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.

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