Comcast Corporation $CMCSA Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,049 shares of the cable giant’s stock after selling 9,459 shares during the quarter. Baxter Bros Inc.’s holdings in Comcast were worth $6,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CMCSA. Nuveen LLC acquired a new stake in shares of Comcast during the first quarter worth about $940,015,000. Dodge & Cox lifted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. KBC Group NV lifted its position in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group reduced their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Barclays reduced their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Bank of America reduced their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Stock Performance

Shares of Comcast stock opened at $30.77 on Thursday. The firm has a market capitalization of $113.61 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.82 and a beta of 0.94. Comcast Corporation has a 52 week low of $30.30 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $32.60 and its two-hundred day moving average is $34.05.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

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.