Bridgewater Associates cut its Comcast stake, but Comcast reported strong Q3 earnings with a 6.5% revenue increase.

Bridgewater Associates reduced its Comcast stake by 20.2% in Q3, though institutional investors still own 84.32% of Comcast's stock. Comcast reported strong Q3 results, beating EPS expectations and increasing revenue by 6.5% YoY to $32.07 billion. The company has a moderate buy consensus rating with a target price of $47.19 and recently announced a $0.31 quarterly dividend, yielding 2.91%. Comcast operates in media and technology, with segments in residential connectivity, business services, media, studios, and theme parks.

November 27, 2024
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