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

Cutler Investment Counsel LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of CMCSA. Ontario Teachers Pension Plan Board boosted its position 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 valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Allstate Corp boosted its holdings in Comcast by 2.4% during the first quarter. Allstate Corp now owns 13,719 shares of the cable giant’s stock worth $595,000 after buying an additional 321 shares in the last quarter. Chiron Capital Management LLC grew its position in Comcast by 8.0% in the first quarter. Chiron Capital Management LLC now owns 5,888 shares of the cable giant’s stock worth $255,000 after buying an additional 438 shares during the last quarter. Strait & Sound Wealth Management LLC increased its holdings in shares of Comcast by 3.4% in the first quarter. Strait & Sound Wealth Management LLC now owns 12,241 shares of the cable giant’s stock valued at $491,000 after buying an additional 400 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Comcast by 8.0% during the 1st quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock valued at $2,080,000 after acquiring an additional 3,553 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA traded down $0.60 on Friday, hitting $42.88. 18,344,398 shares of the stock traded hands, compared to its average volume of 19,624,908. The business has a fifty day moving average price of $41.61 and a two-hundred day moving average price of $39.87. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $164.08 billion, a PE ratio of 11.53, a P/E/G ratio of 1.66 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. On average, research analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Friday, November 1st. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.