Comcast Co. (NASDAQ:CMCSA) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,688 shares of the cable giant’s stock after selling 3,056 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Comcast were worth $4,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board grew its stake in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares in the last quarter. Capital World Investors raised its position in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after acquiring an additional 4,714,586 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.60 during trading on Friday, reaching $42.88. The company had a trading volume of 18,344,398 shares, compared to its average volume of 19,624,908. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. 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 stock’s fifty day moving average price is $41.61 and its 200 day moving average price is $39.87. The firm has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS 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 the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company 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 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.