Comcast Co. (NASDAQ:CMCSA) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,114,393 shares of the cable giant’s stock after selling 105,966 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Comcast were worth $82,800,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of Comcast by 7.4% in the 1st 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 last quarter. Norges Bank acquired a new stake in Comcast during the fourth quarter worth $2,542,988,000. Price T Rowe Associates Inc. MD raised its position 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 purchasing an additional 8,243,302 shares during the period. Harris Associates L P lifted its stake in shares of Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after purchasing an additional 368,685 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.3 %

Shares of NASDAQ:CMCSA opened at $39.72 on Tuesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm’s 50 day moving average price is $39.27 and its 200 day moving average price is $39.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $153.82 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMCSA shares. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. KeyCorp decreased their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $45.78.

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.