Comcast Corporation (NASDAQ:CMCSA) Stock Holdings Lessened by Bellwether Advisors LLC

Key Points

• Bellwether Advisors LLC has significantly decreased its holdings in Comcast by 94.2%, now owning only 1,428 shares worth approximately $53,000.
• Comcast's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price averaging $41.13, reflecting diverse views on its future performance.
• The company reported $1.09 EPS for its latest quarter, exceeding expectations, despite a 0.6% decrease in revenue year-over-year, indicating ongoing challenges in revenue growth.

Bellwether Advisors LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 94.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,428 shares of the cable giant's stock after selling 23,369 shares during the quarter. Bellwether Advisors LLC's holdings in Comcast were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $960,000. Pictet Asset Management Holding SA boosted its stake in shares of Comcast by 13.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,367,435 shares of the cable giant's stock valued at $88,850,000 after purchasing an additional 287,321 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Comcast by 2.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 203,695 shares of the cable giant's stock valued at $7,645,000 after buying an additional 5,666 shares during the period. Finally, DnB Asset Management AS boosted its position in Comcast by 2.7% during the 4th quarter. DnB Asset Management AS now owns 760,432 shares of the cable giant's stock valued at $28,539,000 after acquiring an additional 20,312 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 2.9%

CMCSA stock traded up $0.93 during midday trading on Thursday, hitting $33.43. 24,756,773 shares of the company's stock were exchanged, compared to its average volume of 24,430,947. The firm has a 50 day moving average price of $34.86 and a 200-day moving average price of $35.16. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market capitalization of $124.83 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. On average, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. New Street Research lowered their price target on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Evercore ISI dropped their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Citigroup dropped their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.13.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.