Comcast Co. (NASDAQ:CMCSA) Stock Position Cut by Northeast Investment Management

Northeast Investment Management trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 19.0% in the third quarter, Holdings Channel.com reports. The fund owned 19,248 shares of the cable giant’s stock after selling 4,511 shares during the period. Northeast Investment Management’s holdings in Comcast were worth $804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lincoln National Corp lifted its stake in Comcast by 3.1% during the first quarter. Lincoln National Corp now owns 61,838 shares of the cable giant’s stock valued at $2,681,000 after buying an additional 1,846 shares in the last quarter. Financial Counselors Inc. lifted its position in shares of Comcast by 4.9% in the first quarter. Financial Counselors Inc. now owns 45,158 shares of the cable giant’s stock worth $1,958,000 after purchasing an additional 2,111 shares in the last quarter. Salomon & Ludwin LLC lifted its position in shares of Comcast by 15.5% in the first quarter. Salomon & Ludwin LLC now owns 3,609 shares of the cable giant’s stock worth $156,000 after purchasing an additional 484 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Comcast by 19.6% in the first quarter. Mutual Advisors LLC now owns 48,617 shares of the cable giant’s stock worth $2,108,000 after purchasing an additional 7,980 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its position in shares of Comcast by 4.0% in the first quarter. Boomfish Wealth Group LLC now owns 30,897 shares of the cable giant’s stock worth $1,339,000 after purchasing an additional 1,198 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. TD Cowen reduced 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. Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a report on Friday. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $46.75.

Comcast Trading Down 0.3 %

Shares of Comcast stock opened at $43.56 on Monday. The company’s fifty day simple moving average is $40.80 and its 200-day simple moving average is $39.58. The company has a market cap of $168.69 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.24 EPS for the current year.

Comcast Dividend Announcement

The business 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 2.85%. Comcast’s payout ratio is 33.33%.

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.