Hardman Johnston Global Advisors LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Hardman Johnston Global Advisors LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,535 shares of the cable giant's stock after selling 29,150 shares during the period. Comcast comprises about 1.1% of Hardman Johnston Global Advisors LLC's portfolio, making the stock its 26th largest position. Hardman Johnston Global Advisors LLC's holdings in Comcast were worth $28,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock valued at $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant's stock valued at $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock traded up $2.58 during trading on Wednesday, reaching $45.14. The company had a trading volume of 31,070,187 shares, compared to its average volume of 19,729,793. The firm's 50-day simple moving average is $41.00 and its 200 day simple moving average is $39.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a market capitalization of $174.80 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.75%. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Monday. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Macquarie reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Comcast in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of "Moderate Buy" and an average price target of $46.75.

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.