Kiltearn Partners LLP Has $59.09 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Kiltearn Partners LLP reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,508,861 shares of the cable giant’s stock after selling 262,000 shares during the period. Comcast makes up approximately 7.2% of Kiltearn Partners LLP’s investment portfolio, making the stock its 2nd biggest holding. Kiltearn Partners LLP’s holdings in Comcast were worth $59,087,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMCSA. Cheviot Value Management LLC grew its position in Comcast by 8.1% during the 2nd quarter. Cheviot Value Management LLC now owns 263,008 shares of the cable giant’s stock worth $10,299,000 after purchasing an additional 19,702 shares during the period. Providence Capital Advisors LLC increased its position in shares of Comcast by 13.0% in the second quarter. Providence Capital Advisors LLC now owns 143,172 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 16,500 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in Comcast by 12.7% during the second quarter. Resources Management Corp CT ADV now owns 16,230 shares of the cable giant’s stock valued at $636,000 after purchasing an additional 1,832 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Comcast by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock worth $3,115,000 after buying an additional 2,153 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Comcast by 13.0% in the second quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock worth $21,300,000 after acquiring an additional 62,514 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays reduced their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Stock Up 1.5 %

CMCSA opened at $40.73 on Tuesday. The firm has a market cap of $159.81 billion, a P/E ratio of 10.78, a PEG ratio of 1.03 and a beta of 1.01. The business’s fifty day simple moving average is $39.61 and its 200 day simple moving average is $39.62. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

Comcast Company 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.