Natixis Advisors LLC Has $61.35 Million Stake in Comcast Corporation $CMCSA

Key Points

• Natixis Advisors LLC cut its Comcast stake by 38.9% in Q3, selling 1,242,117 shares and retaining 1,952,441 shares valued at about $61.35 million.
• Other big moves include Norges Bank opening a new ~ $3.53 billion position and Dodge & Cox boosting its stake to ~111.3 million shares (~$3.97 billion), with institutional investors owning 84.32% of Comcast.
• Insider activity and shareholder returns: CEO Michael J. Cavanagh sold 57,947 shares for roughly $1.89 million (an 8.52% reduction), and Comcast declared a quarterly $0.33 dividend (annualized $1.32), implying a 4.1% yield.

Natixis Advisors LLC lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 38.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952,441 shares of the cable giant's stock after selling 1,242,117 shares during the period. Natixis Advisors LLC owned about 0.05% of Comcast worth $61,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Comcast during the 2nd quarter worth about $3,528,361,000. Dodge & Cox increased its stake in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant's stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. First Trust Advisors LP raised its position in Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant's stock worth $363,580,000 after purchasing an additional 5,817,614 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant's stock worth $178,634,000 after purchasing an additional 4,240,876 shares in the last quarter. Finally, State Street Corp lifted its stake in Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant's stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. Institutional investors own 84.32% of the company's stock.

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 transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. UBS Group decreased their price objective on Comcast from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. Citigroup restated a "buy" rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Benchmark lowered their price target on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 5th. Rosenblatt Securities reiterated a "neutral" rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Finally, TD Cowen cut their price objective on Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Comcast currently has an average rating of "Hold" and an average target price of $34.87.

Comcast Stock Performance

NASDAQ:CMCSA opened at $31.91 on Monday. The stock has a market capitalization of $114.81 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 2.49 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The firm has a 50 day moving average of $30.06 and a 200-day moving average of $29.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analysts' expectations of $32.35 billion. During the same period last year, the firm posted $0.96 EPS. The business's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast's payout ratio is currently 24.58%.

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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