US Bancorp DE Has $95.13 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• US Bancorp DE reduced its holdings in Comcast Corporation by 5.1%, now owning approximately 2.58 million shares worth $95.13 million.
• Comcast has faced multiple downgrades from analysts, including a cut from BNP Paribas from "neutral" to "underperform," with a target price set at $31.00.
• The company recently announced a quarterly dividend of $0.33 per share, resulting in an annualized dividend yield of 4.1%.

US Bancorp DE lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,578,141 shares of the cable giant's stock after selling 139,789 shares during the period. US Bancorp DE owned approximately 0.07% of Comcast worth $95,134,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth $470,000. OneAscent Financial Services LLC boosted its stake in Comcast by 30.6% in the fourth quarter. OneAscent Financial Services LLC now owns 14,447 shares of the cable giant's stock valued at $542,000 after buying an additional 3,385 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Comcast by 7.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 50,206 shares of the cable giant's stock valued at $1,883,000 after acquiring an additional 3,531 shares during the last quarter. Finally, Atlas Capital Advisors Inc. raised its stake in Comcast by 5.4% during the fourth quarter. Atlas Capital Advisors Inc. now owns 13,431 shares of the cable giant's stock worth $504,000 after acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities increased their price target on Comcast from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Evercore ISI reduced their price objective 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, Morgan Stanley increased their target price on Comcast from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.77.

Comcast Trading Down 2.1%

Shares of Comcast stock traded down $0.71 on Friday, reaching $32.52. 22,392,993 shares of the company's stock were exchanged, compared to its average volume of 20,535,802. The company has a market capitalization of $121.42 billion, a P/E ratio of 5.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50-day moving average is $34.79 and its two-hundred day moving average is $35.09.

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

Comcast Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

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.