Landscape Capital Management L.L.C. Has $6.32 Million Position in Comcast Corporation $CMCSA

Key Points

• Landscape Capital boosted its stake in Comcast by 562%, acquiring an additional 170,660 shares to own 201,025 shares worth about $6.32 million as of the latest 13F filing.
• CEO Michael J. Cavanagh sold 57,947 shares for roughly $1.89 million, reducing his stake by 8.52% to 622,336 shares; corporate insiders now own about 1.32% of the company.
• Comcast declared a quarterly dividend of $0.33 (annualized $1.32, yield 4.3%; ex-dividend April 1), and its stock trades near $30.42 with a P/E of 5.66 and a MarketBeat consensus rating of "Hold" (target $34.87).

Landscape Capital Management L.L.C. boosted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 562.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,025 shares of the cable giant's stock after purchasing an additional 170,660 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Comcast were worth $6,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in 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 during the period. Voya Financial Advisors Inc. increased its holdings in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock valued at $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank increased 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 in the last quarter. Allworth Financial LP raised its position in shares of Comcast by 5.5% during the second quarter. Allworth Financial LP now owns 92,934 shares of the cable giant's stock worth $3,317,000 after purchasing an additional 4,834 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Comcast by 30.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,947 shares of the cable giant's stock worth $105,000 after purchasing an additional 680 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company's stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Comcast Stock Up 0.8%

CMCSA stock traded up $0.26 during trading on Friday, reaching $30.42. The stock had a trading volume of 2,558,420 shares, compared to its average volume of 32,016,602. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $109.43 billion, a price-to-earnings ratio of 5.66, a P/E/G ratio of 2.38 and a beta of 0.79. Comcast Corporation has a one year low of $25.75 and a one year high of $37.72. The company's 50 day moving average is $30.12 and its two-hundred day moving average is $29.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results 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 firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, April 1st. Comcast's dividend payout ratio is 24.58%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Comcast from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, January 30th. Daiwa Securities Group decreased their target price on shares of Comcast from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, January 30th. BNP Paribas Exane downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $27.00 price target for the company. in a research note on Tuesday, February 24th. Finally, Scotiabank decreased their price objective on Comcast from $37.50 to $35.25 and set a "sector perform" rating for the company in a report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Hold" and a consensus target price of $34.87.

Comcast Company 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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