Asset Management One Co. Ltd. Sells 10,435 Shares of Comcast Co. (NASDAQ:CMCSA)

Asset Management One Co. Ltd. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,511,190 shares of the cable giant’s stock after selling 10,435 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Comcast were worth $63,122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Pension Service grew its position in shares of Comcast by 13.5% during the 3rd quarter. National Pension Service now owns 8,701,529 shares of the cable giant’s stock worth $363,463,000 after buying an additional 1,035,584 shares during the period. Intact Investment Management Inc. lifted its holdings in shares of Comcast by 6.5% during the 3rd quarter. Intact Investment Management Inc. now owns 357,450 shares of the cable giant’s stock valued at $14,931,000 after purchasing an additional 21,800 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Comcast during the 3rd quarter valued at about $461,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Comcast by 6.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 988,958 shares of the cable giant’s stock valued at $41,309,000 after purchasing an additional 61,726 shares in the last quarter. Finally, Fort L.P. lifted its holdings in shares of Comcast by 16.1% during the 3rd quarter. Fort L.P. now owns 6,445 shares of the cable giant’s stock valued at $269,000 after purchasing an additional 894 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on CMCSA shares. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 1.4 %

Comcast stock traded down $0.63 during trading hours on Monday, reaching $42.93. The company had a trading volume of 1,239,842 shares, compared to its average volume of 19,594,580. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.66. The company has a 50-day moving average price of $40.80 and a 200 day moving average price of $39.58. The firm has a market cap of $166.25 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Dividend Announcement

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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) 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.