Comcast Co. (NASDAQ:CMCSA) Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.6% during the 3rd quarter, Holdings Channel reports. The firm owned 30,404 shares of the cable giant’s stock after selling 2,497 shares during the period. M Holdings Securities Inc.’s holdings in Comcast were worth $1,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC boosted its holdings in Comcast by 15.0% in the third quarter. Cerity Partners LLC now owns 1,156,427 shares of the cable giant’s stock valued at $48,304,000 after purchasing an additional 150,474 shares during the period. Keyes Stange & Wooten Wealth Management LLC raised its position in Comcast by 3.5% in the 3rd quarter. Keyes Stange & Wooten Wealth Management LLC now owns 15,346 shares of the cable giant’s stock valued at $641,000 after purchasing an additional 513 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Comcast by 4.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 30,684 shares of the cable giant’s stock valued at $1,252,000 after buying an additional 1,170 shares during the period. Meridian Wealth Management LLC grew its position in shares of Comcast by 94.8% during the third quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after buying an additional 6,972 shares in the last quarter. Finally, Nwam LLC purchased a new stake in shares of Comcast during the third quarter worth approximately $1,301,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.1 %

Shares of Comcast stock opened at $43.47 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company’s 50-day simple moving average is $41.98 and its 200-day simple moving average is $40.03. The firm has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating 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 business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast’s payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMCSA. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research boosted their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.