Clark Estates Inc. NY Has $2.85 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Clark Estates Inc. NY cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,100 shares of the cable giant’s stock after selling 5,450 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $2,845,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CMCSA. XML Financial LLC increased its stake in Comcast by 15.0% in the first quarter. XML Financial LLC now owns 40,475 shares of the cable giant’s stock valued at $1,755,000 after purchasing an additional 5,294 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Comcast in the 1st quarter valued at about $216,000. Pacific Center for Financial Services increased its position in Comcast by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 7,464 shares of the cable giant’s stock valued at $324,000 after buying an additional 945 shares in the last quarter. LRI Investments LLC acquired a new position in Comcast during the 1st quarter worth approximately $365,000. Finally, Sanibel Captiva Trust Company Inc. grew its stake in Comcast by 3.0% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 400,203 shares of the cable giant’s stock valued at $17,349,000 after acquiring an additional 11,668 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.3 %

CMCSA opened at $42.64 on Wednesday. The firm has a market capitalization of $163.16 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a fifty day moving average price of $42.13 and a 200-day moving average price of $40.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. Equities research analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Pivotal Research raised their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.