Comcast Co. (NASDAQ:CMCSA) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. lowered its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,053 shares of the cable giant’s stock after selling 870 shares during the period. Dillon & Associates Inc.’s holdings in Comcast were worth $5,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in Comcast by 0.3% in the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the period. LSV Asset Management increased its position in Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after acquiring an additional 570,050 shares during the period. Raymond James & Associates boosted its holdings in Comcast by 2.3% in the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after purchasing an additional 329,278 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after purchasing an additional 581,163 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Comcast by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock valued at $477,070,000 after purchasing an additional 231,297 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3 %

Shares of CMCSA stock traded down $0.10 during trading hours on Friday, hitting $39.27. 13,733,368 shares of the company were exchanged, compared to its average volume of 21,923,466. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The business’s 50-day simple moving average is $40.63 and its two-hundred day simple moving average is $42.16. The stock has a market capitalization of $154.08 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.98 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.16%. Comcast’s dividend payout ratio is currently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Citigroup decreased their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Check Out Our Latest Analysis on CMCSA

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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