Comcast Co. (NASDAQ:CMCSA) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,067,220 shares of the cable giant’s stock after selling 65,320 shares during the quarter. Comcast comprises 1.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 23rd biggest holding. LGT Capital Partners LTD.’s holdings in Comcast were worth $44,578,000 as of its most recent filing with the Securities and Exchange Commission.

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

Comcast Trading Up 0.3 %

NASDAQ:CMCSA opened at $43.00 on Tuesday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The business’s 50-day moving average is $41.67 and its two-hundred day moving average is $39.93. 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 firm has a market capitalization of $164.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. 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 previous year, the company posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMCSA shares. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.