Neo Ivy Capital Management Decreases Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Neo Ivy Capital Management reduced its stake in Comcast Corporation by 55.4% in the first quarter, owning 97,594 shares after selling 121,430 shares.
• Comcast shares recently traded down 4.8% to $33.68, with a market capitalization of $125.75 billion and a current ratio of 0.65.
• Analysts have set a consensus rating of "Hold" for Comcast, with an average price target of $41.13, reflecting mixed outlooks on the stock's performance.

Neo Ivy Capital Management cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 55.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,594 shares of the cable giant's stock after selling 121,430 shares during the period. Comcast comprises approximately 1.1% of Neo Ivy Capital Management's portfolio, making the stock its 10th largest position. Neo Ivy Capital Management's holdings in Comcast were worth $3,601,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Sculati Wealth Management LLC boosted its stake in Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares in the last quarter. Beck Mack & Oliver LLC boosted its stake in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares during the last quarter. Cypress Wealth Services LLC raised its stake in shares of Comcast by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after purchasing an additional 318 shares during the last quarter. Finally, Lakeshore Capital Group Inc. raised its stake in shares of Comcast by 3.3% in the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock worth $373,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.01 on Monday, hitting $33.69. The company's stock had a trading volume of 6,804,526 shares, compared to its average volume of 24,199,104. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock's 50-day moving average is $35.01 and its two-hundred day moving average is $35.22. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a market capitalization of $125.80 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. On average, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMCSA shares. Rothschild & Co Redburn dropped their target price on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast currently has an average rating of "Hold" and an average 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.