Comcast Corporation $CMCSA Holdings Lowered by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC reduced its holdings in Comcast Corporation by 9.4% during the 1st quarter, now owning approximately $59.36 million worth of shares, which makes Comcast its 29th largest holding.
• Comcast's latest earnings report showed earnings per share of $1.25, exceeding analysts' estimates, and a quarterly revenue of $30.31 billion, up 2.1% year-over-year.
• The company recently announced a quarterly dividend of $0.33 per share, with a dividend yield of 3.9%, scheduled to be paid on October 22nd.

Guggenheim Capital LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 9.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,608,536 shares of the cable giant's stock after selling 166,670 shares during the quarter. Comcast makes up approximately 0.5% of Guggenheim Capital LLC's holdings, making the stock its 29th largest position. Guggenheim Capital LLC's holdings in Comcast were worth $59,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dodge & Cox boosted its position in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Ameriprise Financial Inc. boosted its position in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock valued at $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock valued at $977,880,000 after purchasing an additional 497,829 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA traded up $0.40 during midday trading on Friday, reaching $33.97. The stock had a trading volume of 16,719,253 shares, compared to its average volume of 21,455,062. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50 day moving average price is $34.14 and its 200-day moving average price is $34.74. The company has a market capitalization of $125.42 billion, a P/E ratio of 5.61, a P/E/G ratio of 2.03 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the business earned $1.21 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMCSA shares. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Rosenblatt Securities boosted their price target on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Moffett Nathanson boosted their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley reduced their price target on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.73.

Comcast Company 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.