Comcast Co. (NASDAQ:CMCSA) Shares Sold by Davis R M Inc.

Davis R M Inc. cut its position in Comcast Co. (NASDAQ:CMCSA) by 5.4% during the third quarter, HoldingsChannel.com reports. The fund owned 64,670 shares of the cable giant’s stock after selling 3,692 shares during the period. Davis R M Inc.’s holdings in Comcast were worth $2,701,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CMCSA. AQR Capital Management LLC boosted its stake in 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 last quarter. Swedbank AB acquired a new position in Comcast during the first quarter worth about $93,051,000. Darsana Capital Partners LP grew its stake in Comcast by 26.7% during the 2nd 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 in the last quarter. SG Americas Securities LLC raised its holdings in Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after acquiring an additional 1,963,246 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Comcast by 46.5% in the 2nd quarter. National Bank of Canada FI now owns 5,780,524 shares of the cable giant’s stock worth $220,641,000 after purchasing an additional 1,833,811 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Finally, KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.20 on Tuesday. 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 company has a market cap of $165.31 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.64 and a beta of 1.00. The stock has a 50-day moving average of $42.06 and a two-hundred day moving average of $40.08. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Comcast 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.