AIA Group Ltd Sells 15,168 Shares of Comcast Co. (NASDAQ:CMCSA)

AIA Group Ltd decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 114,694 shares of the cable giant’s stock after selling 15,168 shares during the quarter. AIA Group Ltd’s holdings in Comcast were worth $4,791,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 2.1 %

NASDAQ:CMCSA opened at $44.19 on Friday. The firm has a market capitalization of $171.13 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock’s 50 day moving average price is $41.00 and its two-hundred day moving average price is $39.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.25 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, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.81%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMCSA. Wells Fargo & Company raised their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.