Comcast Co. (NASDAQ:CMCSA) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,776,364 shares of the cable giant's stock after selling 807,464 shares during the period. Bank of Montreal Can owned about 0.21% of Comcast worth $291,847,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Clarkston Capital Partners LLC increased its holdings in Comcast by 0.4% in the 4th quarter. Clarkston Capital Partners LLC now owns 678,694 shares of the cable giant's stock worth $25,471,000 after buying an additional 2,652 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Comcast by 31.5% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 465,000 shares of the cable giant's stock worth $17,451,000 after acquiring an additional 111,500 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Comcast by 15.8% during the fourth quarter. Russell Investments Group Ltd. now owns 5,695,517 shares of the cable giant's stock valued at $213,562,000 after purchasing an additional 775,826 shares during the last quarter. Hurley Capital LLC bought a new position in Comcast during the fourth quarter valued at approximately $778,000. Finally, Payden & Rygel boosted its holdings in Comcast by 627.3% in the fourth quarter. Payden & Rygel now owns 215,070 shares of the cable giant's stock worth $8,072,000 after purchasing an additional 185,500 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

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Comcast Trading Up 0.1 %

CMCSA stock traded up $0.04 during mid-day trading on Friday, reaching $33.72. The company had a trading volume of 26,797,395 shares, compared to its average volume of 21,735,894. The company has a market capitalization of $127.50 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm has a 50 day moving average of $35.56 and a 200 day moving average of $38.56. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.91%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research report on Thursday. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.90.

Comcast Profile

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.