Comcast Co. (NASDAQ:CMCSA) Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,404 shares of the cable giant’s stock after selling 2,497 shares during the quarter. M Holdings Securities Inc.’s holdings in Comcast were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital Investment Advisors LLC lifted its position in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the period. First Hawaiian Bank boosted its position in Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after buying an additional 15,664 shares during the last quarter. Parnassus Investments LLC boosted its position in Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the period. Finally, Wulff Hansen & CO. raised its position in Comcast by 3,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $43.47 on Friday. The business’s 50 day moving average price is $41.98 and its 200 day moving average price is $40.03. The company has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. On average, research analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

About Comcast

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.