Crossmark Global Holdings Inc. Has $21.78 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Crossmark Global Holdings Inc. lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 521,392 shares of the cable giant’s stock after selling 16,782 shares during the period. Crossmark Global Holdings Inc.’s holdings in Comcast were worth $21,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CMCSA. Tyler Stone Wealth Management lifted its position in Comcast by 114.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 5,222 shares of the cable giant’s stock valued at $218,000 after acquiring an additional 2,786 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of Comcast by 8.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 13,792 shares of the cable giant’s stock worth $576,000 after buying an additional 1,117 shares in the last quarter. Covestor Ltd grew its holdings in shares of Comcast by 5.9% in the third quarter. Covestor Ltd now owns 7,372 shares of the cable giant’s stock valued at $308,000 after acquiring an additional 413 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of Comcast by 1.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 63,936 shares of the cable giant’s stock valued at $2,671,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in Comcast by 26.2% during the third quarter. Lindbrook Capital LLC now owns 32,853 shares of the cable giant’s stock worth $1,372,000 after acquiring an additional 6,818 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. Barclays lifted their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Performance

CMCSA stock traded down $0.28 during midday trading on Friday, reaching $43.91. The stock had a trading volume of 23,019,736 shares, compared to its average volume of 18,823,338. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $39.71. The stock has a market cap of $168.02 billion, a PE ratio of 11.80, a P/E/G ratio of 1.71 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

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.