Comcast Co. (NASDAQ:CMCSA) Stake Lessened by LGT Capital Partners LTD.

LGT Capital Partners LTD. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,067,220 shares of the cable giant’s stock after selling 65,320 shares during the quarter. Comcast makes up 1.6% of LGT Capital Partners LTD.’s portfolio, making the stock its 23rd biggest position. 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 (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. BIP Wealth LLC increased its holdings in shares of Comcast by 16.5% in the 3rd quarter. BIP Wealth LLC now owns 7,616 shares of the cable giant’s stock valued at $318,000 after acquiring an additional 1,078 shares during the last quarter. Prospera Financial Services Inc increased its stake in Comcast by 15.1% during the third quarter. Prospera Financial Services Inc now owns 307,826 shares of the cable giant’s stock valued at $12,858,000 after purchasing an additional 40,449 shares during the last quarter. Verity & Verity LLC raised its holdings in shares of Comcast by 27.4% during the third quarter. Verity & Verity LLC now owns 344,208 shares of the cable giant’s stock worth $14,378,000 after purchasing an additional 74,131 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Comcast by 271.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 66,413 shares of the cable giant’s stock worth $2,774,000 after buying an additional 48,545 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Comcast by 3.8% in the 3rd quarter. Caprock Group LLC now owns 146,544 shares of the cable giant’s stock valued at $6,121,000 after buying an additional 5,386 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Finally, TD Cowen lowered their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast Trading Up 0.3 %

Comcast stock 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 stock 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. The firm has a 50 day simple moving average of $41.67 and a 200-day simple moving average of $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.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. Comcast’s dividend payout ratio is currently 33.33%.

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.