OneAscent Financial Services LLC Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

OneAscent Financial Services LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 13.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,784 shares of the cable giant’s stock after selling 2,009 shares during the period. OneAscent Financial Services LLC’s holdings in Comcast were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Comcast during the 4th quarter valued at about $2,542,988,000. Capital World Investors lifted its position in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC lifted its position in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Comcast by 215.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock worth $158,835,000 after buying an additional 2,474,946 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new stake in Comcast in the 4th quarter worth approximately $108,332,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 2.3 %

Comcast stock opened at $39.16 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $38.71 and its two-hundred day simple moving average is $41.39. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market capitalization of $153.65 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Citigroup reduced their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Macquarie reduced their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $48.62.

About Comcast

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.