Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lessened by Interchange Capital Partners LLC

Interchange Capital Partners LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,637 shares of the cable giant’s stock after selling 2,163 shares during the quarter. Interchange Capital Partners LLC’s holdings in Comcast were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMCSA. Capital World Investors raised its holdings in shares of Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Comcast by 41.7% during 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. Ontario Teachers Pension Plan Board lifted its stake in Comcast by 25,881.7% in 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 acquiring an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP boosted its position in Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after acquiring an additional 219,894 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday. Barclays dropped their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

Comcast Stock Performance

Shares of Comcast stock traded up $0.09 during trading on Friday, reaching $43.76. The company’s stock had a trading volume of 6,466,849 shares, compared to its average volume of 19,593,369. The business’s fifty day moving average price is $40.73 and its 200-day moving average price is $39.55. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm has a market cap of $169.46 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Dividend Announcement

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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 32.98%.

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.