Comcast Corporation $CMCSA Shares Sold by HBK Investments L P

by · The Markets Daily

HBK Investments L P lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 12.2% during the 2nd quarter, Holdings Channel reports. The fund owned 937,002 shares of the cable giant’s stock after selling 129,999 shares during the period. HBK Investments L P’s holdings in Comcast were worth $23,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter worth approximately $2,498,626,000. Capital World Investors increased its stake in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after acquiring an additional 24,166,881 shares during the period. Capital Research Global Investors raised its holdings in Comcast by 65.1% during the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after purchasing an additional 21,958,603 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Comcast in the second quarter worth approximately $185,237,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.69 during trading on Wednesday, hitting $23.73. The company had a trading volume of 24,256,279 shares, compared to its average volume of 32,684,400. The company has a market cap of $84.21 billion, a P/E ratio of 7.68, a PEG ratio of 1.77 and a beta of 0.68. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $32.85. The business’s 50-day moving average is $25.06 and its 200 day moving average is $26.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. Equities research analysts predict that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Analysts Set New Price Targets

CMCSA has been the topic of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $31.00 price target on shares of Comcast in a research report on Friday, July 24th. Bank of America restated a “buy” rating and issued a $35.00 price objective (down from $37.00) on shares of Comcast in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and decreased their target price for the company from $34.00 to $32.00 in a research note on Tuesday, June 30th. Morgan Stanley set a $29.00 target price on Comcast in a report on Friday, July 24th. Finally, Barclays set a $26.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.69.

Get Our Latest Stock Report on CMCSA

About Comcast

(Free Report)

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.

Further Reading

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