Intech Investment Management LLC Sells 42,317 Shares of Comcast Co. (NASDAQ:CMCSA)

Intech Investment Management LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,594,318 shares of the cable giant's stock after selling 42,317 shares during the period. Comcast comprises approximately 0.7% of Intech Investment Management LLC's investment portfolio, making the stock its 17th biggest position. Intech Investment Management LLC's holdings in Comcast were worth $66,595,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CMCSA. Price T Rowe Associates Inc. MD boosted its holdings in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant's stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant's stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant's stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the period. Kodai Capital Management LP purchased a new stake in shares of Comcast in the first quarter valued at approximately $102,119,000. Finally, Swedbank AB purchased a new stake in shares of Comcast in the first quarter valued at approximately $93,051,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $42.99 on Thursday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $164.50 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. The firm's fifty day moving average is $41.82 and its two-hundred day moving average is $39.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Scotiabank raised shares of Comcast from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. KeyCorp boosted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and an average 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.

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