Claro Advisors LLC Has $823,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

14 Jan 2025, 10:04 by Sarita Garza · The Markets Daily

Claro Advisors LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,936 shares of the cable giant’s stock after selling 9,763 shares during the period. Claro Advisors LLC’s holdings in Comcast were worth $823,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its holdings in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the period. FMR LLC increased its holdings in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. AQR Capital Management LLC increased its holdings in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the period. Finally, Darsana Capital Partners LP increased its stake in Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

Shares of NASDAQ CMCSA opened at $36.45 on Tuesday. Comcast Co. has a fifty-two week low of $36.24 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $139.48 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.50 and a beta of 1.01. The company’s 50 day simple moving average is $40.57 and its 200 day simple moving average is $40.25.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research report on Monday, January 6th. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $47.33.

Check Out Our Latest Analysis on Comcast

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