Thurston Springer Miller Herd & Titak Inc. Cuts Stock Position in Comcast Corporation $CMCSA

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 92.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,074 shares of the cable giant’s stock after selling 52,243 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Comcast were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CMCSA. QRG Capital Management Inc. lifted its position in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the last quarter. Vanguard Group Inc. increased its position in Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the last quarter. Aberdeen Group plc raised its stake in shares of Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after acquiring an additional 147,231 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Natixis lifted its holdings in shares of Comcast by 77.4% in the 2nd quarter. Natixis now owns 1,319,517 shares of the cable giant’s stock worth $47,094,000 after acquiring an additional 575,810 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $29.73 on Wednesday. The firm’s 50 day simple moving average is $28.02 and its 200-day simple moving average is $31.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $39.12. The firm has a market cap of $108.33 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s dividend payout ratio is presently 21.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMCSA shares. JPMorgan Chase & Co. cut their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein reduced their price target on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Williams Trading set a $40.00 price target on Comcast in a research note on Friday, October 31st. Finally, Oppenheimer set a $38.00 price objective on Comcast in a report on Tuesday, November 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $35.78.

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.