Capital International Investors Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Capital International Investors lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,759,706 shares of the cable giant's stock after selling 4,883,745 shares during the period. Capital International Investors owned about 1.08% of Comcast worth $1,529,585,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Comcast in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMCSA shares. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. Benchmark cut their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast has an average rating of "Moderate Buy" and an average target price of $42.50.

Comcast Stock Down 1.2 %

Shares of NASDAQ CMCSA traded down $0.41 during midday trading on Monday, hitting $33.60. The company's stock had a trading volume of 22,920,994 shares, compared to its average volume of 21,741,312. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The business's fifty day simple moving average is $35.51 and its two-hundred day simple moving average is $38.28. 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 firm has a market capitalization of $127.04 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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 predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.93%. This is an increase 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.