Capital Group Private Client Services Inc. Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Group Private Client Services Inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,500,897 shares of the cable giant's stock after selling 84,188 shares during the period. Capital Group Private Client Services Inc.'s holdings in Comcast were worth $56,329,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Morse Asset Management Inc purchased a new position in shares of Comcast in the third quarter valued at about $451,000. Invst LLC increased its holdings in Comcast by 8.4% during the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant's stock valued at $1,664,000 after purchasing an additional 3,077 shares during the period. McIlrath & Eck LLC raised its position in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Comcast by 6.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock worth $525,000 after buying an additional 759 shares during the period. Finally, Tudor Financial Inc. purchased a new position in shares of Comcast during the third quarter valued at approximately $1,301,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $42.50.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.41 during mid-day trading on Monday, hitting $33.60. 22,920,994 shares of the company's stock traded hands, compared to its average volume of 21,741,312. The company has a market capitalization of $127.04 billion, a P/E ratio of 8.10, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50-day moving average is $35.51 and its two-hundred day moving average is $38.28. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31.

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

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.93%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is 31.81%.

Comcast Company 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.